Volkswagen’s ex-CEO, Prof. Dr. Martin Winterkorn, has told German lawmakers he was unaware of the existence of any defeat devices fitted to 11 million VW vehicles before late August, 2015. Winterkorn, who has since resigned from his position as CEO, stated it was “incomprehensible why I wasn’t informed early and […]
Martin Winterkorn
Ex-VW CEO Martin Winterkorn under criminal investigation
German prosecutors have launched a criminal investigation into two high-level VW execs, including former CEO Martin Winterkorn. Germany’s financial regulator, BaFin, requested the investigation, focussing on the amount of time VW execs were aware of the devices, and their failure to go public. Former CEO Winterkorn and another high-ranking Volkswagen […]
Porsche chairman Matthias Müller becomes Volkswagen CEO
Following the announcement of Martin Winterkorn’s resignation as CEO of Volkswagen, the company has announced Porsche chairman Matthias Müller as the new boss until a replacement is found. Müller will remain as chairman of Porsche AG, a subsidiary of Volkswagen Group, and will continue until Winterkorn’s replacement is sourced. The company […]
Volkswagen CEO Martin Winterkorn resigns following emissions scandal
Volkswagen CEO Martin Winterkorn has resigned following a massive scandal which resulted in VW admitting to cheating emissions tests with around 11 million vehicles worldwide. The news broke at the weekend whereby Volkswagen was found to be using a special computer program on vehicles fitted with the 2.0 TDI turbo-diesel. […]
US Volkswagen owners offered $1000 if they buy a Fiat-Chrysler
Fiat has only been in the US for a short period, but after buying Chrysler earlier in the year it seems the paired company is really pushing to increase its fan base. So much so that Fiat-Chrysler CEO, Sergio Marchionne, is now offering a rebate incentive for all current US […]