4 Articles
Rumormill

Former CEO Martin Winterkorn cannot leave Germany

The indictment of former Volkswagen CEO Martin Winterkorn has resulted in an interesting arrangement regarding the new CEO's freedom to travel. According to Bloomberg, U.S. authorities have granted Herbert Diess a "safe-passage deal," which enables him to travel without having to fear being detained due to the ongoing Volkswagen Dieselgate investigation.

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Pruitt said the agency must take an aggressive stance to deter cheating by automakers.

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So far, Winterkorn has escaped prosecution. That may change.

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The agreement is in addition to the earlier $2.7 billion settlement.