VW CEO Winterkorn Resigns As Emission Scandal Unfolds

world news  %tages 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 started, to discuss Winterkorn’s contract going into the future, but a select assemble of board members known as the presidium gathered together this morning to choose the CEO’s fate.
“I am shocked by the events of the past few days. Above all, I am stunned that www.rawvehicle.com misconduct on such a scale was possible in the Volkswagen Assemble,” 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 the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Assemble. I am doing this in the interests of the company even though I am not aware of any incorrect doing on my part,” reads the statement.
“Volkswagen needs a fresh start – also in stipulations of personnel. I am clearance the way for this fresh start with my resignation. I have always been driven by my question to serve this company, especially our customers and employees. www.rawvehicle.com Volkswagen has been, is and will always be my life. The process of clarification and transparency must continue. This is the only way to win back trust. I am persuaded that the Volkswagen Assemble and its team will overcome this grave crisis,” he finished.
SEE ALSO: What Volkswagen’s ‘Dieselgate’ Is, and Why it Matters
Last friday, the Environmental Protection Agency (EPA) issued a report claiming that VW had installed defeat devices in its 2.0-liter four-cylinder diesel engines which allowed them to run much cleaner during emissions testing, while in everyday pouring they were emitting 10 to 40 times more NOx than allowed. Since then, Volkswagen admitted to using the cheating software in roughly 11 million vehicles worldwide.
Winterkorn, 68, took www.rawvehicle.com the reigns at VW in 2007 and led the company through a spin that saw VW go from cutting thousands of German jobs to being one of the leading, most powerful automakers in the world.
This article originally appeared at Rawvehicle.com

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