Post Tagged with: "martin winterkorn"

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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 […]

Report: VW CEO expects to earn less this year

Report: VW CEO expects to earn less this year

Volkswagen AG CEO Martin Winterkorn, the highest-paid top manager among Germany’s biggest companies, expects to earn less this year. Winterkorn said that is because the carmaker considers limiting compensation packages. A compensation of 20 million euros ($27 million) would be difficult to explain to the supervisory board, and it would […]

Piech suggests VW will add at least one brand

Piech suggests VW will add at least one brand

Volkswagen AG chairman Ferdinand Piech suggested the company has plans to add at least one brand to the lineup in a bid to become the world’s largest carmaker by 2018. In an interview with German monthly magazine ADAC Motorwelt, Piech said that his children 10 years from now will drive […]