VW CEO Out Because Of #dieselgate

Yes Volkswagen’s diesel related problems now have a hashtag. They’re also are without a CEO as Martin Winterkorn resigned on Wednesday. Here’s the details from The Globe And Mail:

“Volkswagen needs a fresh start – also in terms of personnel. I am clearing the way for this fresh start with my resignation,” Winterkorn said in a statement.

He said he was shocked by events of the past few days, above all that misconduct on such a massive scale was possible at the company.

Okay. The CEO is gone, but that doesn’t solve the core issue which is that Volkswagen cheated on emissions tests and lied to consumers. That’s a massive violation of trust that they’re going to have to recover from. My suggestion is to start with how they’re going to address and make whole the 11 million owners of cars with the diesel engines that fall into this category.

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