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Resigning just last week as the biggest casualty of the Volkswagen emissions cheating scandal, now-former CEO Martin Winterkorn is facing possible criminal charges. Prosecutors in Germany have announced they have opened a criminal probe into the actions of Winterkorn, who said he had no knowledge that his company installed defeat devices into its cars to […]

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Upon stepping down yesterday amidst a growing emissions cheating scandal, Volkswagen CEO Dr. Martin Winterkorn likely collected $32 million (28.6 million euros) in pension and could get many millions more. Regarding the in-question balance is whether Wintorkorn, 68, will also be compensated two year’s “remuneration.” His annual compensation as VW head and majority shareholder in […]

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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 […]

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After days of silence following a shocking revelation that Volkswagen cheated U.S. emissions rules, the CEO of Volkswagen AG has released a statement offering an apology and a commitment. “I personally am deeply sorry that we have broken the trust of our customers and the public,” said Dr. Martin Winterkorn, CEO of Volkswagen AG. “We […]

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For the first time, the Volkswagen Group has been listed as the most sustainable automaker in the world’s leading sustainability ranking. RobecoSAM AG classed the company as the Industry Group Leader in the automobiles and components sector in this year’s review of the Dow Jones Sustainability Indices (DJSI). The review analyzed the corporate economic, environmental, […]

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During the Frankfurt show, the Volkswagen Group declared it has set its sights on global market leadership in electric mobility. “We are starting at exactly the right time. We are electrifying all vehicle classes, and therefore have everything we need to make the Volkswagen Group the top automaker in all respects, including electric mobility, by […]

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During the 34th International Vienna Motor Symposium last Friday, Prof. Dr. Martin Winterkorn, chairman of the Board of Management of Volkswagen AG, gave a forecast of the company’s future drive system technologies. Areas of work being focused on by Volkswagen include the development of a high-performance diesel engine delivering 100 kilowatts per liter of displacement […]

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