“Volkswagen needs to terminate the employment of everyone who approved – either explicitly or tacitly – the fraud”, said Cindy Schipani, a professor at the University of Michigan’s Ross School of Business.
The Environmental Protection Agency told automakers on Friday that it will begin road tests of all new vehicle models and vehicles already on the road to examine emissions claims following the exposure of Volkswagen’s regulation-cheating scandal.
Last week it came to light that Volkswagen has admitted to the U.S. Environmental Protection Agency that it used software in 482,000 of its diesel cars sold in the U.S.to trick emissions tests.
Calling the cheating a ‘moral and policy disaster, ‘ the company’s supervisory board chief Berthold Huber said the group is now looking to Mueller, who ‘knows the company and its brands, ‘ to tackle the crisis.
Eikhout, the Greens’ environmental policy leader, said it had been “painful for the EU” to watch USA regulators seize the initiative on emissions test manipulation.
Standard & Poor’s warned it may cut Volkswagen‘s credit rating over the pollution cheating scandal, as fellow rating agency Fitch did on Wednesday. “Clearly, when you look at his profile, he’s had a very Volkswagen-centric career”, says...
The statement came as investors awaited a decision from VW’s board after the market close on who will replace Martin Winterkorn as chief executive, amid reports that Porsche’s CEO Matthias Mueller is the front-runner.
According to the EPA website: “The November alleges that four-cylinder Volkswagen and Audi diesel cars from model years 2009-2015 include software that circumvents EPA emissions standards for certain air pollutants”.
He had been tipped to replace Winterkorn during the latter’s bitter feud with his one-time mentor and former supervisory board chief Ferdinand Piech earlier this year.