martin winterkorn

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    Volkswagen's CEO and chairman face Dieselgate charges in Germany

    by 
    Jon Fingas
    Jon Fingas
    09.24.2019

    VW's current leadership can't escape the fallout from the Dieselgate scandal. Prosecutors in the German city of Braunschweig have unveiled plans to file stock manipulation charges against existing CEO Herbert Diess, Chairman Hans Dieter Poetsch and former chief exec Martin Winterkorn. They allegedly delayed reporting the emissions cheating with knowledge that it would have a tangible effect on shares. The leaders were pursuing a settlement with US officials "without disclosing all relevant information," according to the prosecutors.