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Former VW CEO Under Increasing Scrutiny

Prosecutors asking what Winterkorn knew and when.

by on Jan.27, 2017

Ousted VW CEO Martin Winterkorn during a presentation at the Tokyo Motor Show.

Former Volkswagen CEO Martin Winterkorn, ousted following the revelation of Volkswagen’s diesel emissions rigging, may have known about the subterfuge far earlier than he has so far acknowledged, according to German prosecutors.

If that proves true, the life-long VW executive could face potential criminal charges on both sides of the Atlantic. After announcing a $4.3 billion settlement of a criminal investigation of the automaker earlier this month – a deal that was accompanied by six criminal indictments — U.S. Justice Department officials said they might yet bring charges against other VW employees.

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The German investigation further challenges claims by the automaker that only a “handful” of low-level engineers knew about the plan to use rigged software to help VW’s diesel engines pass tight U.S. emissions standards.

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GM Says Opel Not for Sale

German subsidiary making “solid progress.”

by on Jul.18, 2011

Former GM engineer Frank Weber helped guide development of both the Chevy Volt and its near-twin, the Opel Ampera, shown here.

Again battling speculation about the possible sale of Opel, which has been circulating in the German press, General Motors has dropped its usual policy of not commenting on speculative stories by firmly stating the long-troubled subsidiary is not for sale.

GM came close to selling off a majority stake in Opel two years ago, and many observers, especially in Germany, believe that with Opel’s recovery still stalled GM might be once again looking for a buyer.  The long-running rumors gained momentum when Volkswagen chief executive officer Martin Winterkorn. Winterkorn last week suggested GM was trying to sell Opel.

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“In Wednesday’s edition of the Frankfurter Allgemeine Zeitung, Volkswagen CEO Martin Winterkorn commented on rumors regarding Opel, which continues a regrettable pattern of fanning speculation as Opel makes solid progress in its restructuring, in generating improved operating results and more,” GM said in statement posted on the company’s media web site.

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