Conspiracy news & views from all angles, up-to-the-minute and uncensored
https://www.complianceweek.com
Former Chairman of the Board (CEO) Martin Winterkorn agreed to return €11.2 million (U.S. $13.6 million), while former Audi CEO Rupert Stadler will pay back €4.1 million (U.S. $5 million). Volkswagen had announced in March it would seek damages from the two after an internal investigation …
Read More
By Aly McDevitt2021-05-18T13:00:00 While Larry Thompson assembled his team for the Dieselgate monitorship, Volkswagen countered with appointments of its own, including Hiltrud Werner as head of integrity and legal affairs. Their relationship would determine the success of the monitorship going …
Read More
The software, known in the auto industry as a “defeat device,” is prohibited under the Clean Air Act. In Volkswagen’s case, it sensed when a vehicle was being tested for compliance with applicable emissions standards. Once certain inputs were recognized (like the movement of a steering wheel), the …
Read More
The board Friday announced its decision to assert claims for damages based on expert opinion that concluded negligent breaches of duty had occurred. Both Stadler and Winterkorn breached duty of care under stock corporation law, according to the board. A public statement from Winterkorn in September …
Read More
It was the chief compliance officer’s opening remark in a fireside chat at the Compliance Week Europe 2020 Virtual Conference this week. Michels was hired after the company earlier that year pled guilty to installing defeat devices, designed to cheat U.S. emissions tests, in more than half a …
Read More
Q. Looking back at where Volkswagen was in 2018 when we last spoke, how has the culture changed since then? What is ’Dieselgate’? In March 2017, Volkswagen pleaded guilty to criminal charges that it deceived U.S. regulatory agencies by installing “defeat devices” in diesel vehicles emissions …
Read More
The disclosures by FCA were made in the aftermath of the Dieselgate emissions scandal involving fellow carmaker Volkswagen. In the Dieselgate scandal, VW was found to have used cheating software to circumvent the U.S. testing process and concealed material facts about its cheating from U.S. …
Read More