VW scandal: chief executive Martin Winterkorn refuses to quit
‘The defiant boss of Volkswagen has refused to resign despite an escalation of the the emissions scandal following the admission by the world’s second largest car marker that 11m vehicles worldwide have been fitted with a defeat device designed to cheat emissions tests.
Martin Winterkorn appeared in a video to insist he was “endlessly sorry” for the events at the end of a day in which VW was forced to deny a report in Germany that he will leave as chief executive this Friday, to be replaced by Matthias Müller, the chairman of its sister company Porsche.
He spoke after the German company revealed the potential financial liabilities for the first time. It is putting aside €6.5bn (£4.7bn) to deal with the potential costs of the crisis, prompting a further 20% fall in its share price.’
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Volkswagen scandal: now millions of petrol cars could be affected
British motorists with petrol-fuelled cars were warned they face being dragged into the Volkswagen emissions rigging scandal, that is threatening the future of diesel cars.
On Tuesday Transport Secretary Patrick McLoughlin called for the European Commission to launch an urgent investigation after the German car manufacturer admitted that 11 million vehicles worldwide could have been fitted with software which misled regulators.
The software is designed to switch on fume-supressing technology during testing, allowing cars to pass strict environmental checks, while still spewing out dangerous levels of nitrogen oxides on the road.’
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