It looks like the US is really lowering the boom on Volkswagen as the news is out that ex-CEO of the company Martin Winterkorn has been charged by the US with conspiracy and wire fraud over the fact that 11 million or so diesel cars were set up to cheat on emissions tests.
Winterkorn is the highest ranking VW official to be nailed by the US after the guy who ran VW USA got sent to the clink for seven years, and an engineer got sent to the clink for 40 months. It should also be noted that VW cut a pretty big cheque to the US Government to make this go away and they pled guilty as a company to a variety of criminal charges too. This latest bit of news will make life somewhat difficult for the new CEO of Volkswagen Herbert Diess who promises a culture cleanup.
Good luck to him.
UPDATE: Steven Howard who wrote the book Leadership Lessons from the Volkswagen Saga just Tweeted this:
It makes for very interesting reading. I encourage you to take a look.
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This entry was posted on May 4, 2018 at 10:18 am and is filed under Commentary with tags Volkswagen. You can follow any responses to this entry through the RSS 2.0 feed.
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Ex-CEO Of VW Charged By US Over #DieselGate Scandal
It looks like the US is really lowering the boom on Volkswagen as the news is out that ex-CEO of the company Martin Winterkorn has been charged by the US with conspiracy and wire fraud over the fact that 11 million or so diesel cars were set up to cheat on emissions tests.
Winterkorn is the highest ranking VW official to be nailed by the US after the guy who ran VW USA got sent to the clink for seven years, and an engineer got sent to the clink for 40 months. It should also be noted that VW cut a pretty big cheque to the US Government to make this go away and they pled guilty as a company to a variety of criminal charges too. This latest bit of news will make life somewhat difficult for the new CEO of Volkswagen Herbert Diess who promises a culture cleanup.
Good luck to him.
UPDATE: Steven Howard who wrote the book Leadership Lessons from the Volkswagen Saga just Tweeted this:
It makes for very interesting reading. I encourage you to take a look.
Share this:
Like this:
Related
This entry was posted on May 4, 2018 at 10:18 am and is filed under Commentary with tags Volkswagen. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.