Dieselgate: Winterkorn finally stepping away
Ex-Volkswagen Group CEO finally quits key postFormer Volkswagen Group CEO, Dr Martin Winterkorn, has finally stepped down from a position that effectively kept his hands on the embattled car company’s steering wheel.
Dr Winterkorn, who was the head of the Volkswagen Group at the time of both the development of the 'defeat' code emissions-cheating engine management software and its detection, last week stepped down as the Chairman of Porsche Holdings.
Porsche Holdings is the investment vehicle for the Porsche and Piech families, who control more than 52 per cent of Volkswagen Group shares.
Dr Winterkorn stepped down as Volkswagen Group CEO as the scope of the Dieselgate scandal became clear in late September, but until now his position at Porsche Holdings had effectively seen him outrank both incoming Volkswagen Group CEO Matthias Müller and Volkswagen Group Supervisory Board Chairman Hans-Dieter Pötsch.
However, even though Müller insisted a “clean break” would be best for the Volkswagen, Dr Winterkorn refuses to entirely cut his ties to the company he led to the brink of disaster.
He remains on the Supervisory Board of both Audi and the holding company that controls truck-makers Scania and MAN.
Dieselgate related reading:
Germany issues compulsory recall
Audi clarifies 'inactive' claim
Aussie Volkswagens and Audis recalled
Dieselgate won't tarnish other German brands
Huge recall planned, other brands hit
Audis affected top two million
ACCC issues statement on VW emissions saga
Müller locked in as Volkswagen CEO
BMW forced to deny emissions rigging
Volkswagen boss Winterkorn to go as crisis spreads
Dieselgate worsens, 11m vehicles could be affected
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