Cars in India | Autoportal.com

VW Group CEO Martin Winterkorn has announced his resignation

VW Group CEO Martin Winterkorn has announced his resignation

Snapshot: Amidst the huge dieselgate, Martin Winterkorn has decided to leave VAG.

- Comments    |    Write Comment

The difficult situation Volkswagen Group is going through just got a lot more serious as the company’s CEO Martin Winterkorn has announced his resignation. This shocking news comes only a day after the German marque revealed there are about 11 million cars all over the world featuring special software created specifically to cheat during tests regarding emissions.

Winterkorn says he is “stunned that misconduct on such a scale was possible” and he accepts full responsibilities for the irregularities that have been detected by the authorities in the company’s diesel engines, specifically the 2.0-liter 4-cylinder TDI, but the Environmental Protection Agency in United States is now analyzing the larger 3.0-liter 6-cylinder as well.

He also expressed his desire for a “fresh start” for the Volkswagen Group and he believes the first step in doing so is to have a new chairman. Tomorrow, the company’s Supervisory Board is expected to select a replacement for Winterkorn and you can imagine he will have to handle what could possibly be the most difficult period of all times for VAG.

The company’s image has been seriously affected by this so-called “defeat device” installed on their diesel-powered cars and this will certainly have an impact on sales in the future, not just for the Volkswagen marque, but also for the other brands part of the group: Audi, SEAT, Skoda and Porsche while high-end customers of Bentley and Bugatti models probably don’t care about this debacle.

It will be interesting to see how the Volkswagen Group will handle the upcoming lawsuits and fines which are expected to come not just from United States where the problem originated, but also from other countries where investigations have already commenced to find out whether VAG did the same illegal trick on their diesel-powered cars. Since the company itself said there are 11 million cars involved, the magnitude of this problem is huge and Volkswagen has already mentioned they will spend an estimated €6.5 billion to try and fix this issue. 

Related car news

  • Volkswagen’s ex CEO Martin Winterkorn investigated over emissions scandal 21-06-2016 Davender Soni Volkswagen’s ex CEO Martin Winterkorn investigated over emis...
  • Kawasaki Offering Discounts Of Up To Rs 3.5 Lakh On ZX-14R and ZX-10R 17-11-2017 Autoportal Team Kawasaki Offering Discounts Of Up To Rs 3.5 Lakh On ZX-14R a...
  • Toyota and Suzuki to launch electric vehicles in India by 2020 17-11-2017 Mayank Gupta Toyota and Suzuki to launch electric vehicles in India by 20...
  • Upcoming Benelli Leoncino scrambler spied in Pune 17-11-2017 Prashant Singh Upcoming Benelli Leoncino scrambler spied in Pune
  • Say hello to the 2018 Aprilia RSV4 FW-GP, the 247bhp monster 17-11-2017 Prashant Singh Say hello to the 2018 Aprilia RSV4 FW-GP, the 247bhp monster
  • Audi Q8 and A8 spotted testing in India 17-11-2017 Autoportal Team Audi Q8 and A8 spotted testing in India
Helpline