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Volkswagen CEO resigns after emissions scandal

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Thursday, September 24, 2015

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File photo of Martin Winterkorn, CEO of Volkswagen. Winterkorn resigned as CEO on Wednesday due to a scandal over the company's rigging of emissions tests for its diesel vehicles.
Image: Volkswagen Sweden.


Martin Winterkorn, Volkswagen AG’s CEO, resigned yesterday after it was discovered the German motor vehicle company has been rigging emissions tests for their diesel vehicles.

The company has not announced who his successor will be, but plans to discuss the issue tomorrow. Winterkorn has said that he was "shocked" by the rigging of the emissions tests. "Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group", Winterkorn said in a statement issued yesterday.

This resignation came after he issued an apology on Sunday about the emissions test rigging, which involved installing a program onto the company's diesel vehicles to manipulate test results. The program, referred to as a "defeat device", causes the vehicles to emit less nitrogen dioxide, a pollutant contributing to smog and possibly linked to asthma, during testing.

Volkswagen's share value has dropped by one third, The Toronto Star reported. The stock prices of France car manufacturers Citroen, Renault, and Peugeot have also dipped. The Associated Press states that this may be due to concerns other car manufacturers are also engaging in illegal acts.


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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

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