VW emissions scandal: Winterkorn pays a high cost
Winterkorn has resigned to give VW “a fresh start”
The emissions cheating scandal has cost VW’s top man his job – even though his engineering nous could have helped to clean up the mess
The abrupt resignation This particular afternoon of VW’s chairman along with CEO, Martin Winterkorn, will always remembered among the most bizarre falls by grace by a top executive in all automotive history.
As he abruptly clears his desk, that will is usually probable that will Winterkorn has no idea who in his vast organisation first devised the rule-defeating diesel pollution technology that will has mired the mammoth VW Group inside the most serious scandal for many decades, along with who decided to use that will in production cars. He may not find that will out for many weeks. Yet such are the pressures on the managements of modern publicly-listed multinationals that will that will was clear as soon as the seriousness of the scandal emerged that will someone right at the top could have to take an early fall. along with as was clear by Winterkorn’s expression once he began appearing on TV news programmes, he knew that will he was the man inside the hot seat.
Until three days ago, Friday’s well-flagged meeting of Volkswagen’s all-powerful supervisory board, has been required to extend Winterkorn’s rein at the top of Europe’s biggest car company, an implicit reward for the fact that will he has built VW into a nine million-sales-a-year car group. yet after the revelations an extraordinary meeting was hurriedly arranged for today, to agree the chairman’s instant departure. Friday’s session, still inside the diaries, will focus on begining the business, as they term that will, of rebuilding trust. that will will be a long job.
I’ve met Winterkorn more than once, along with however ironic that will at This particular point sounds, I can’t help thinking that will his oft-demonstrated ability as an engineer that has a clear understanding (until today) of what customers want by a Volkswagen, might have been well employed in devising along with orchestrating the many remedies that will will be needed to clean up This particular horrendous mess.
Meeting again on Friday to discuss Winterkorn’s successor sounds like a distinctly leisurely response to a corporate earthquake. yet VW does most of its management behind the scenes, along with much midnight oil is usually certain be burned over the next two days.
Some of that will, you can bet, will be burned by VW’s recently-departed patriarch, Ferdinand Piech, who three months months ago lost a key boardroom battle with Winterkorn along with left the company. yet he remains a member of the ruling family along that has a man of huge influence inside VW. Perhaps, after all, his race is usually not completely run.
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