Volkswagen seems to be set on reclaiming a significant amount of its lost glory, as Chief Executive Officer Matthias Mueller stated on Sunday that the world's second-largest carmaker would be proposing a new catalytic converter system to U.S. authorities. The proposed system is designed to undo the effects of the controversial defeat device, which is installed on about 430,000 cars in the United States, according to Reuters.

"We have one catalytic converter in the works and we believe that will be a part of the technical solutions," Mueller said.

The Volkswagen CEO is scheduled to meet with U.S. Environmental Protection Agency administrator, Gina McCarthy, on Wednesday, when the proposal is set to be made. If successful, the installation of the proposed catalytic converter system would be a pivotal first step in addressing the vehicles affected by the company's Dieselgate scandal in the U.S., reports The International Business Times.

Volkswagen and U.S. authorities have struggled to find common ground during the four months since the scandal broke. With the catalytic converter system, as well as a plan to buy back some of the affected U.S. vehicles, Volkswagen might finally make an offer that would placate U.S. authorities.

Though the scandal affected more than 11 million cars across its numerous brands worldwide, the car giant does not need to worry as much about the majority of the affected vehicles, which were purchased in Europe, mainly due to the region being less strict about vehicle emissions than the U.S., according to Engadget.

With the CEO's trip to meet with U.S. regulators this week, Volkswagen might finally be able to take that important first step into addressing its problems in the United States.

For more business news, click here