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.