Former VW Chief Still Chairs Porsche SE, Audi, Scania, Truck & Bus GmbH
Though he may have resigned as CEO of the Volkswagen Group, Martin Winterkorn retains four senior positions - including head of the company's largest shareholder Porsche SE, and three of its business units.
German prosecutors are stepping back from their initial investigation into Martin Winterkorn for alleged fraud in the emissions scandal. They say there's not yet enough evidence to focus on him in the case.
German prosecutors in the city of Braunschweig are beginning an investigation into Martin Winterkorn for alleged fraud in VW's diesel emissions scandal. It could be years, though, before the case ever sees a courtroom.
Volkswagen chairman Martin Winterkorn says the company is prepping a battery with a 186-mile range, which is more than double the current e-Golf. Although, it's less than the projections of potential competitors like the Tesla Model 3, Chevrolet Bolt, and the rumored upcoming Nissan Leaf update.
The latest reports indicate that Ferdinand Piech's sudden departure as chairman of the Volkswagen Group supervisory board came after a failed attempt to supplant CEO Martin Winterkorn. But the bigger question now is who will take his place.
Before Porsche CEO Matthias Müller was promoted to the Volkswagen Group supervisory board, he made remarks on his potential as a successor to Group CEO Martin Winterkorn. His comments were taken to mean he wasn't interested in the job, but he now says his words were misunderstood.
Volkswagen Group has sacked – well, he left "by mutual agreement," at any rate – its production chief, Michael Macht, marking the second executive dispatched by the automaker in the last week. Macht, pictured above, left, with VW Group Chairman Martin Winterkorn, was the man responsible for overseeing the introduction of VW's extremely important MQB platform, which will underpin a huge array of vehicles in the coming years.
During a gathering of 20,000 Volkswagen Group employees at company headquarters in Wolfsburg, Germany on Wednesday, CEO Martin Winterkorn dropped a bombshell. The boss stated that the automaker isn't operating efficiently enough and admitted the company needs to radically start cutting back to raise its profit margins. To right the ship, Winterkorn has proposed killing off less profitable models and spending less on research and development.
Broadcasting from its "Mobile Life Campus" in Wolfsburg, Germany (and crowing about Germany's World Cup win last night), Volkswagen has just announced that its new "Midsize SUV" will be built at the company's Chattanooga, TN manufacturing facility. Further, the company says it will establish a new "National Research & Development and Planning Center" at the Tennessee campus.