Following VW CEO Dr Martin Winterkorn’s decision to jump before he was pushed on 24 September, no-one was surprised when VW announced that there had been a number of changes in its global leadership.
First off Porsche chairman Matthias Müller was appointed as CEO of Volkswagen AG with immediate effect on Friday 26 September. Müller remains chairman of Porsche AG in Stuttgart until a successor has been found.
News that VW is recalling almost half a million diesel cars in the US is bad enough, but the revelation that this is because the company put so-called defeat devices into the cars in order to mislead emissions testing systems is likely to damage the OEM’s reputation. And there is a growing financial cost too.