Volk­swa­gen Group CEO quits amid emis­sions scan­dal

Asian Journal - - Asia -

Frank­furt: CEO of Volk­swa­gen Group Martin Win­terkorn on Wed­nes­day an­nounced his res­ig­na­tion as the com­pany was caught in an emis­sions scan­dal, Xin­hua re­ported. Win­terkorn made the an­nounce­ment in a state­ment pub­lished on the web­site of the com­pany. Win­terkorn said he ac­cepted re­spon­si­bil­ity for the “ir­reg­u­lar­i­ties” that had been found in diesel en­gines and had re­quested the Su­per­vi­sory Board to agree to his res­ig­na­tion as CEO of the VW Group. “I am do­ing this in the in­ter­ests of the com­pany even though I am not aware of any wrong do­ing on my part.” “The process of clar­i­fi­ca­tion and trans­parency must con­tinue. This is the only way to win back trust. I am con­vinced that the Volk­swa­gen Group and its team will over­come this grave cri­sis,” said the state­ment. The ex­ec­u­tive com­mit­tee of Volk­swa­gen AG’s su­per­vi­sory board said in a state­ment pub­lished on its web­site that it had great re­spect for Win­terkorn’s of­fer to re­sign from his po­si­tion.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.