Two More VW Executives to Lose Their Jobs
24 Septembre 2015 - 5:40PM
Dow Jones News
Two more key executives within the Volkswagen group will lose
their jobs according to people familiar with the situation, shortly
after Volkswagen Chief Executive Martin Winterkorn resigned over
the company's admission that it cheated in U.S. in diesel emission
tests that triggered a profit warning, a selloff of the share and
prospects of prosecution and hefty fines.
Ulrich Hackenberg, chief technology officer of VW's Audi unit,
and Wolfgang Hatz, board member for research and development at
VW's Porsche AG, will lose their jobs over the scandal, two people
familiar with the situation said Thursday.
VW's entire supervisory board will meet Friday. Members of the
board's executive committee said after their meeting Wednesday
that, after Mr. Winterkorn's resignation, further personnel
decisions will be taken at Friday's meeting.
On Tuesday, Volkswagen disclosed that as many as 11 million cars
were affected and possibly subject to a global recall. The company
issued a profit warning and announced it was taking a €6.5 billion
($7.27 billion) provision against earnings to cover the costs of
fixing the software.
Mr. Winterkorn's resignation Wednesday follows a calamitous week
after a disclosure last Friday by the U.S. Environmental Protection
Agency that Volkswagen allegedly used software on some of its
Volkswagen and Audi diesel-powered cars that make them appear to
run cleaner in tests than they do on the road.
Write to Hendrik Varnholt at hendrik.varnholt@wsj.com
Access Investor Kit for "Volkswagen AG"
Visit
http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0007664039
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 24, 2015 11:25 ET (15:25 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Porsche Automobile (PK) (USOTC:POAHY)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Porsche Automobile (PK) (USOTC:POAHY)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024
