76 Articles
VW's top officers charged in Germany over diesel scandal

Current CEO and chairman, ex-CEO

German prosecutors said Tuesday they have charged Volkswagen's current chief executive and chairman as well as its former CEO with market manipulation in connection with the diesel emissions scandal that erupted in 2015. CEO Herbert Diess, Chairman Hans Dieter Poetsch, and former chief Martin Winterkorn are accused of deliberately informing markets too late about the huge costs to the company that would result from the scandal, prosecutors in the city of Braunschweig said. The charges, which V

Ex-Volkswagen CEO Martin Winterkorn charged in U.S. over diesel scandal

He knew but continued ‘to perpetrate the fraud,’ indictment says

Federal prosecutors in Detroit on Thursday unsealed charges against former Volkswagen Chief Executive Martin Winterkorn, accusing him of conspiring to mislead regulators about the German automaker's diesel emissions cheating.

Winterkorn kept diesel scandal secret, letter claims

Two weeks before it became public, the diesel defeat device was known to VW CEO.

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.

Winterkorn steps down as CEO of Porsche SE

New VW Chairman Hans Dieter Potsch Takes His Place As Head Of Holding Company

Having already resigned as CEO of the Volkswagen Group, Martin Winterkorn brings his departure closer to completion by stepping down as chief executive of Porsche SE, VW's largest shareholder.

/ 4