Tuesday, September 22, 2015

VW Chairman Martin Winterkorn Releases Video Addressing Scandal, Is Not Stepping Down

VW Group CEO Martin Winterkorn

Volkswagen Group chairman Martin Winterkorn has released a video statement in response to the emissions-cheating scandal involving the company’s 2.0-liter TDI diesel engines, and although he once again apologized for any wrongdoing, he did not offer his resignation.

“The irregularities in our Group’s diesel engines go against everything Volkswagen stands for. At present, I do not yet have all the answers to all the questions,” he said. “We’re putting everything on the table as quickly, rigorously, and transparently as possible. To be frank with you, manipulation and Volkswagen—that must never be allowed to happen again. I would like to make a formal apology to our customers, to the authorities, and to the general public for this misconduct.” he added.

The video is the latest twist following the revelation that the company cheated on U.S. emissions tests for 2.0-liter diesel VWs and Audis, going back as far as 2009. Winterkorn had previously released a statement apologizing for wrongdoing, and the company’s U.S. chief, Michael Horn, did the same at a live event launching the 2016 Passat.

The company has also set aside $7.3 billion to address the costs associated with the situation, although that may be far from enough. The company faces costs to fix the cars, possible fines and criminal charges, as well as lawsuits.





VW’s supervisory board is set to meet on Wednesday and the full board on Friday, so Winterkorn’s fate could still change by week’s end.

You can watch the video here:

from remotecar http://feedproxy.google.com/~r/caranddriver/blog/~3/lMNWqlKqo6A/




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