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Found 6 results

  1. Former Volkswagen CEO Martin Winterkorn is already being investigated by German prosecutors over market manipulation because of the diesel emission scandal. But now, he finds himself under a new investigation by prosecutors on the suspicion of fraud. Reuters reports that prosecutors in Braunschweig believe Winterkorn knew about the cheat used on the 2.0L TDI well before the timeframe he has admittedly publicly. This suspicion comes as the result of numerous interviews with witnesses and suspects, along with raids on 28 houses and offices this week. "Sufficient indications have resulted from the investigation, particularly the questioning of witnesses and suspects as well as the analysis of seized data, that the accused (Winterkorn) may have known about the manipulating software and its effects sooner than he has said publicly," prosecutors said in a statement. At a hearing last week in Berlin, Winterkorn declined to say when he first learned about the cheat, citing the investigation being done by prosecutors. "For now, Dr. Winterkorn is sticking with the statement he made before a German parliamentary committee of inquiry (into the scandal) on Jan. 19," said Felix Doerr, a lawyer representing Winterkorn in an email to Reuters. Prosecutors also revealed that the number of people possibly involved in the scandal has risen from 21 to 37, including Winterkorn. Source: Reuters
  2. Former Volkswagen CEO Martin Winterkorn is already being investigated by German prosecutors over market manipulation because of the diesel emission scandal. But now, he finds himself under a new investigation by prosecutors on the suspicion of fraud. Reuters reports that prosecutors in Braunschweig believe Winterkorn knew about the cheat used on the 2.0L TDI well before the timeframe he has admittedly publicly. This suspicion comes as the result of numerous interviews with witnesses and suspects, along with raids on 28 houses and offices this week. "Sufficient indications have resulted from the investigation, particularly the questioning of witnesses and suspects as well as the analysis of seized data, that the accused (Winterkorn) may have known about the manipulating software and its effects sooner than he has said publicly," prosecutors said in a statement. At a hearing last week in Berlin, Winterkorn declined to say when he first learned about the cheat, citing the investigation being done by prosecutors. "For now, Dr. Winterkorn is sticking with the statement he made before a German parliamentary committee of inquiry (into the scandal) on Jan. 19," said Felix Doerr, a lawyer representing Winterkorn in an email to Reuters. Prosecutors also revealed that the number of people possibly involved in the scandal has risen from 21 to 37, including Winterkorn. Source: Reuters View full article
  3. If you didn't think the diesel scandal at Volkswagen could get any worse, think again. Let's begin with the former CEO at Volkswagen, Martin Winterkorn. Reuters is reporting that German prosecutors have opened an investigation into Winterkorn into "allegations of fraud in the sale of cars with manipulated emissions data" based on ten unidentified individuals filing charges. Now Winterkorn has said that he wasn't aware of any wrongdoing on his part in light of this scandal. There is a report from Automotive News Europe that says three r&d heads at Volkswagen have been suspended. The three are, Audi development chief Ulrich Hackenberg Porsche development head Wolfgang Hatz VW brand r&d boss Heinz-Jakob Neusser Those with keen eyes will notice two of these folks, Hackenberg and Hatz were rumored to be shown the door last week. Now Hackenberg and Hatz previously ran units at the heart of the Volkswagen diesel scandal. Hackenberg was responsible for Volkswagen development from 2007 to 2013, while Hatz oversaw Volkswagen group's engine development from 2007 to 2011. Audi and Volkswagen declined to comment. Source: Automotive News Europe (Subscription Required), Reuters View full article
  4. If you didn't think the diesel scandal at Volkswagen could get any worse, think again. Let's begin with the former CEO at Volkswagen, Martin Winterkorn. Reuters is reporting that German prosecutors have opened an investigation into Winterkorn into "allegations of fraud in the sale of cars with manipulated emissions data" based on ten unidentified individuals filing charges. Now Winterkorn has said that he wasn't aware of any wrongdoing on his part in light of this scandal. There is a report from Automotive News Europe that says three r&d heads at Volkswagen have been suspended. The three are, Audi development chief Ulrich Hackenberg Porsche development head Wolfgang Hatz VW brand r&d boss Heinz-Jakob Neusser Those with keen eyes will notice two of these folks, Hackenberg and Hatz were rumored to be shown the door last week. Now Hackenberg and Hatz previously ran units at the heart of the Volkswagen diesel scandal. Hackenberg was responsible for Volkswagen development from 2007 to 2013, while Hatz oversaw Volkswagen group's engine development from 2007 to 2011. Audi and Volkswagen declined to comment. Source: Automotive News Europe (Subscription Required), Reuters
  5. Two weeks after becoming the CEO of General Motors, Mary Barra got blind sided with the news that a major safety problem, a faulty ignition switch in certain vehicles that could turn and cause the vehicle to stop with no warning had come to light. This switch was flagged years ago as being problematic but nothing aside from service bulletin was ever done. This problem was linked at the time to several crashes and 13 fatalities. When Barra testified to the House Committee on Energy and Commerce about the ignition switch, she said that she only knew about the issue in late January. But many questioned for someone who worked at the company for 34 years, why was she kept in the dark? How did she not know about this at all? "Mary has said it: The moment she became aware of the problem, as I would expect, she confronted it. She didn't know about it. I bet my life on it," said former GM CEO Dan Akerson in a interview with Forbes. This is the first time that Akerson has made any comment regarding ignition switch recall. No mention was made if Akerson knew anything about the recall during his tenure. Source: Forbes William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  6. Two weeks after becoming the CEO of General Motors, Mary Barra got blind sided with the news that a major safety problem, a faulty ignition switch in certain vehicles that could turn and cause the vehicle to stop with no warning had come to light. This switch was flagged years ago as being problematic but nothing aside from service bulletin was ever done. This problem was linked at the time to several crashes and 13 fatalities. When Barra testified to the House Committee on Energy and Commerce about the ignition switch, she said that she only knew about the issue in late January. But many questioned for someone who worked at the company for 34 years, why was she kept in the dark? How did she not know about this at all? "Mary has said it: The moment she became aware of the problem, as I would expect, she confronted it. She didn't know about it. I bet my life on it," said former GM CEO Dan Akerson in a interview with Forbes. This is the first time that Akerson has made any comment regarding ignition switch recall. No mention was made if Akerson knew anything about the recall during his tenure. Source: Forbes William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

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