CEO Martin Winterkorn (pictured below) resigned in the midst of the shocking
scandal that came out last week, exposing that Volkswagen had rigged testing to
cover up how much pollution each car was producing.
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| Ex-CEO Martin Winterkorn |
Volkswagen have released a series of statements accepting
both responsibility and blame for the scandal, and there were rumours that
Winterkorn was being forced out until he resigned on Wednesday 23rd
September.
Several reports have stated that the replacement for Winterkorn
is the head of Porsche, Matthias Miller (pictured below). However, nothing is official yet and
it has been reported that this replacement will be confirmed at a board meeting
tonight.
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| Matthias Miller, potentially the new CEO for VW |
Winterkorn was CEO of the VW for 8 years and was known for
being ruthless for perfection and hands on when it came to the production of
cars. He has denied any personal involvement in the scandal and has apologised for
the “mistakes of others”. This apology came after VW admitted to rigging
emission tests of over 11 million cars, both in the EU and the US.
Miller will have a big job ahead of him, with this scandal
ruining Volkswagen’s good name, halted any progression in the market in America
and broken majority of customer’s faith in the brand. The company have set
aside more than $6 million, but apparently the fines could rack up to more than
$18 billion.
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| 11 million cars are involved in the emissions scandal |
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