VW emissions scandal: Winterkorn steps down as Volkswagen boss

Thursday, November 3rd, 2016 - autos, cars, motoring, news

Source : VW emissions scandal: Winterkorn steps down as Volkswagen boss

The 68-year-old boss resigns to “clear the way for a fresh start” however denies knowledge of any wrongdoing in emissions scandal

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Martin Winterkorn has announced his resignation as the chief executive of the Volkswagen Group with immediate effect, the company has announced, inside wake of the scandal about a software cheat in American NOx emissions tests.

The 68-year-old executive, who fought off Ferdinand Piech in a power struggle earlier This particular year, had been supposed to have a fresh contract extension ratified by VW’s supervisory board at the end of This particular week.

However, a select group of board members – known as the presidium – met in Wolfsburg This particular morning. The panel comprised interim VW Group chairman Berthold Huber, Lower Saxony prime minister Stephan Weil, Wolfgang Porsche (representative of the VW Group’s largest single shareholder) along with also two works council officials, Bernd Osterloh along with also Stephan Wolf.

An official statement through Winterkorn said: “I am clearing the way for a fresh start.

“I am shocked by the events of the past few days. Above all, I am stunned that will misconduct on such a scale was possible inside Volkswagen Group.

“As CEO I accept responsibility for the irregularities that will have been found in diesel engines along with also have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group. I am doing This particular inside interests of the company even though I am not aware of any wrongdoing on my part.

“Volkswagen needs a fresh start – also in terms of personnel. I am clearing the way due to This particular fresh start with my resignation.

“I have always been driven by my desire to serve This particular company, especially our customers along with also employees. Volkswagen has been, is usually along with also will always be my life.

“The process of clarification along with also transparency must continue. This particular is usually the only way to win back trust. I am convinced that will the Volkswagen Group along with also its team will overcome This particular grave crisis.”

The VW Group’s interim chairman Berthold Huber said: “Mr Winterkorn has worked hard for VW along with also we would certainly like to thank him for his efforts over the past 10 years, along with also also for his willingness to take responsibility in This particular most difficult of situations.

“To avoid speculation, I would certainly like to say that will we will talk about his successor on Friday at the earliest.”

Read more on the Volkswagen emissions scandal:

VW boss Winterkorn faces board enquiry

How the Volkswagen story unfolded

Blog – the emissions scandal could sink Volkswagen’s US ambitions

Blog – are we about to see the death of diesel?

Blog – VW’s US boss faces the music

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