Volkswagen CEO resigns after emissions scandal
September 24, 2015, 16:40:19 CEST | Wikinews

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.

Source: Wikinews
Share this article:
share article on facebook share article on twitter share article on google+ share article on tumblr share article on blogger share article on reddit

Send us your articles and web-novels!
comments powered by Disqus
Most popular


Recently Viewed:


Volkswagen CEO resigns after emissions scandal

Martin Winterkorn, Volkswagen AG’s CEO, resigned yesterday after it was discovered the Germa...


Magnitude 7.0 earthquake affects archipelago of Vanuatu

During the day yesterday, a strong earthquake of magnitude 7.0, according to the United Stat...


Football: Spanish striker Fernando Torres to leave A...

Tuesday, April 10, 2018  Football Related football news 10 April 2018: Football: Spanish...


Three FIFA officials suspended for ninety days

Friday, October 9, 2015  Sepp Blatter in April 2015. Image: Press Service of the Presid...


Candidates suspend campaigns as Hong Kong legislativ...

As the Hong Kong legislative election approaches, six candidates considered to be in the pan...

Automotive
Reviews | Technology | Projects & Tuning | Events | Racing
Business & Technology
Business & Economy | Mobile | Internet & Media | Security & Privacy | Gadgets & Tech | Software
Lifestyle
Health, Food & Fitness | Fashion | Gardening | DIY | Homes
Society
Accidents | Crime | Culture | Finance | Politics
Science & Environment
Wildlife | Green | Space
Gaming
Reviews
Society
Accidents | Crime | Culture | Finance | Politics
Travel
MM-iNEWS
Copyright & Privacy | Site Roadmap | Sitemap | Contact
Web Development @ OverHertz Ltd
Ω