Pressure Mounts Volkswagen: The Carmaker Expected to Name New C.E.O. on Friday
Martin Winterkorn, the CEO of Volkswagen, the German car maker hit by an emission scandal, resigned on Wednesday. A name is expected to be announced on Friday, his replacement as the company's new chief executive.
Sources that are close to the supervisory board of the company, say that Matthias MÃ¼ller, 62 is a prospective candidate. He is in charge of the division of Volkswagen which manufactures Porsche sports cars. The supervisory board will meet of Friday to take a decision.
Mr. MÃ¼ller, heads a division which is not affected by scandal that VW used software in diesel engine cars that deceived emissions tests in the US. Porsche and the Audi divisions of the company account for maximum profits earned by the parent company.
The supervisory board which watches over the management of Volkswagen is also likely to make announcements regarding other management changes as the world's largest automaker tries to control the growing uproar over the emission deception.
The pressure on the company is not over as yet and is rising continuously. Alexander Dobrindt, the transportation minister of Germany said on Thursday, that the software might have been used not only to deceive the U.S authorities but also to fool official emissions tests conducted on millions of cars in Europe.
The manipulation on the software could affect as many as ten million cars in Europe; hinted Mr. Dobrindt.