23 Sep '15, 3pm

VW CEO Winterkorn Resigns As Emission Scandal Unfolds

VW CEO Winterkorn Resigns As Emission Scandal Unfolds

Volkswagen CEO Dr. Martin Winterkorn has officially resigned in the wake of a scandal over diesel emissions. A report earlier in the week suggested that Winterkorn would resign, with his position being filled by the current head of Porsche, Matthias Müller, though his successor will officially be announced on Friday. A meeting was set for this Friday, before the scandal began, to discuss Winterkorn’s contract going into the future, but a select group of board members known as the presidium gathered together this morning to decide the CEO’s fate. “I am shocked by the events of the past few days. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group,” Winterkorn said in a statement issued announcing his resignation. “As CEO I accept responsibility for the irregularities that have been found in diesel engines and have therefore requested...

Full article: http://www.hybridcars.com/vw-ceo-winterkorn-resigns-as-em...

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