Media reported the resignation of the head of Volkswagen Matthias Müller

Media reported the resignation of the head of Volkswagen Matthias Müller

April 10, 2018 0 By autotimesnews

The decision on the resignation of the head of the German auto concern Volkswagen Matthias Müller can be made already on April 13. His place will probably be occupied by 59-year-old Herbert Dies

Concern Volkswagen will soon expect a major change in the composition of senior management. This is reported by Reuters, citing sources within the company. According to them, most likely, the head of the German autoconcern Volkswagen Matthias Muller will leave his post. His place should take Herbert Dies, who is now the chairman of the brand Volkswagen. There is no official confirmation of this information yet.[IP]&ua=[UA]&domain=[DOMAIN]&page=[PAGE]&secure=[SECURE]&language=[BROWSER_LANGUAGE]&bidfloor=[BIDFLOOR]&gdpr_consent=[GDPR_CONSENT]

According to sources quoted by The Wall Street Journal, the supervisory board of Volkswagen will discuss the resignation of Matthias Müller already this Friday, April 13. According to them, the top manager himself “has already demonstrated a willingness to contribute to the rapid changes”.

The contract of 62-year-old Matthias Muller expires only in 2020. He took his post in 2015, replacing Martin Winterkorn. The latter resigned after the “diesel scandal”.

In May of last year, Matthias Muller himself became an actor in a criminal case. Germany’s prosecutor’s office suspects him, as well as the head of the supervisory board of the company Dieter Pec and former chairman of the board Martin Winterkorn manipulation of the stock market.

Top managers are suspected of manipulating the shares of Porsche Automobil Holding SE in the light of the diesel scandal. According to investigators, Volkswagen did not disclose in time information that could have a strong impact on stock prices.

The scandal surrounding Volkswagen, associated with a deliberate understatement of the level of harmful emissions from diesel engines, broke out in the fall of 2015. For the German concern, the situation with Dieselgate turned into huge fines, the resignation of the leadership and multimillion-dollar reviews of cars around the world. Investigations around the diesel scandal VW continue to this day.

Only at the end of last year Volkswagen allocated more than $ 14 billion to settle the diesel scandal. These funds will go to payments to American car owners of the German brand, as well as local authorities. The court ordered the company to buy out 475,000 cars with 2.0-liter diesel engines.