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    As the Diesel Emits: Former VW CEO Was Told Of Defeat Device Weeks Before the Official Announcement


    • A new letter reveals Winterkorn knew about the existence of the defeat devices two weeks before the EPA officially announced it.

    A new report alleges that former Volkswagen CEO, Martin Winterkorn knew about the defeat devices two weeks before the official announcement from U.S. regulators.

     

    German publication Bild am Sonntag (via Reuters) got their hands on a letter sent on September 4, 2015, to Winterkorn from a manager. The letter said,

     

    "In the conversation on 03.09.2015 with the regulator CARB (California Air Resources Board), the defeat device was admitted."

     

    Volkswagen's U.S. CEO Michael Horn told a House of Representatives hearing in October that the company came clean about the defeat device on September 3rd.

     

    Now this letter could have some serious ramifications for Volkswagen. Shareholders who are planning to sue the German automaker for compensation for the plunge in its share price could use the letter in court, saying the company should have revealed to the public about the defeat devices when they admitted to it.

     

    Volkswagen declined to comment on the report.

     

    Source: Bild via Reuters

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