Martin Winterkorn has announced his retirement as CEO of the Volkswagen Group. The official was shocked by scandal in recent days, but looked confident in solving the problem. After the international press all “nailed the coffin” of Winterkorn all week anticipating a resignation or a dismissal somewhere this weekend, it seems that the speed with which successive facts hurried resignation ...Read More »
Volkswagen is likely to face the largest fine ever for influencing US emission tests. The company’s shares fall.
Volkswagen CEO – Martin Winterkorn – said the scandal involving the company diminishes the trust of the customers. The consequences are serious, because the German automaker risk the highest fine in the history of the automotive industry: 16 billion USD. The scandal involving the Volkswagen Group in the United States is growing. US government authorities have accused the German conglomerate that ...Read More »