He chatted with us about supercars, the Urus SUV, and the future of the company.
A German report claims that Martin Winterkorn received a letter admitting to the defeat devices two weeks before the diesel emissions scandal went public. This was just the latest allegation that the automaker knew about the problem ahead of time but didn't tell the public.
Matthias Muller is officially the new VW Group CEO, but the company's supervisory board is instituting sweeping changes to the corporate structure. Michael Horn remains the boss in the US, but North America is now organized into a new business unit under the current Skoda chairman.
Despite the Volkswagen Phaeton suffering poor sales and losing money, Volkswagen is committed to the idea and wants to build another generation of the luxury sedan. It could cost the company an estimated $737 million to do it, while already having the Audi A8 to fill a similar role.
Crossovers are one of the dominant global vehicle segments of the moment, and Volkswagen is realizing that to grow sales as quickly as it wants, the business needs more of them in the lineup. However, the US might miss out on some of this CUV bonanza because the company is still waffling over where to build the Crossblue.
Financially, things are looking up for Volkswagen Group overall, yet deliveries are still falling in the Americas. Worldwide, the automotive giant's profits after taxes rose 26.8 percent in the first quarter of 2014 to 2.47 billion euros ($3.4 billion). Total sales revenue was up 2.7 percent to 47.8 billion euro ($66 billion).
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