Post Tagged with: "martin winterkorn"

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Germany’s financial authority says the entire ex-VW board should be investigated for market manipulation

Germany’s financial authority says the entire ex-VW board should be investigated for market manipulation

The persecutors should hold responsible the entire former Volkswagen management board for their actions prior to the public eruption of the emissions scandal, German’s financial authority said. The German prosecutors have opened this week an investigation targeting the former Volkswagen Chief Executive Officer Martin Winterkorn and another unnamed board member […]

VW’s former CEO actions prior to dieselgate put under a magnifying glass by the German prosecutors

VW’s former CEO actions prior to dieselgate put under a magnifying glass by the German prosecutors

The former Volkswagen Chief Executive Officer Martin Winterkorn is investigated by the German persecutors over whether he should have disclosed the costs of the diesel scandal to company’s inventors earlier. The probe aimed towards ex-chief Martin Winterkorn follows many complaints filed by Volkswagen’s investors at a regional court in Braunschweig […]

VW executives informed of manipulation early, report says

VW executives informed of manipulation early, report says

Volkswagen top bosses knew of the existence of the cheating emissions devices two weeks before the scandal erupted publically, according to the German weekly Bild am Sonntag. The Bild am Sonntag newspaper reported a week ago that the ex-chief of Europe’s biggest automaker, Martin Winterkorn, knew about the company’s emissions […]

VW says its shareholders have no reason to ask compensation

VW says its shareholders have no reason to ask compensation

In an extensive statement released this week regarding the emissions scandal, Volkswagen said “shareholder lawsuit to be without merit.” Europe’s biggest automaker is facing lawsuits on different fronts after it admitted in September last year that it cheated on the emissions test. After that disclosure, Volkswagen’s shares took a plunge, […]

Volkswagen looks for new CEO -

Volkswagen looks for new CEO -

The Volkswagen Group is looking to find a new replacement for its chief position as Martin Winterkorn handed in his resignation yesterday. The head of the German carmaker for the past eight years, Winterkorn quit his role in the middle of a diesel emissions cheating scandal for which the brand […]

Volkswagen CEO quits amid diesel emissions scandal

Volkswagen CEO quits amid diesel emissions scandal

The German carmaker’s head, Martin Winterkorn, has resigned on Wednesday after changes were demanded in the management team for Volkswagen due to the brand’s admission that it had cheated in the U.S. diesel emissions tests, deceiving the regulators there. After a series of meetings with the executive committee of the […]