Saturday, March 5, 2016

Exhaust scandal at VW: report: Supervisory Board Chairman was informed – NEWS



 Sunday 06 March 2016


 What did the VW supervisory board on the exhaust trickery? Perhaps more than previously thought, as a media report suggesting. Chief Hans Dieter Pötsch has to answer awkward questions.



In the Volkswagen exhaust affair a newspaper report comes supervisory board chairman Hans Dieter Pötsch provide explanations. He was informed on 8 September 2015, the fraud software, were fined with the exhaust emissions of diesel models, reported the “Bild am Sonntag”, according to a preliminary report. He had then but remained silent as CFO of Europe’s largest auto maker now. Only two weeks later, VW went public.

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The DAX companies are numerous claims to the house, partly because the shareholders should have been informed too late about the case. Listed companies are required to publish price-sensitive information ad hoc. Volkswagen is convinced to have met the capital market law requirements in full, said a company spokesman on request. “To the content of board meetings, Volkswagen fundamentally expresses not.” The Wolfsburg-based group will in the second half of April report on the investigation into the case.

Earlier VW reportedly a first memo to the then already in May 2014 and thus almost a half year before the announcement of the scandal CEO Martin Winterkorn created. However, it was unclear whether this had, ever taken the note, which had been settled its extensive Weekend Post note. In November 2014, gave a further note to him. Later, a working group was established, which dealt with the problems of VW with emission limits in the US. On July 27 in 2015. Staff have spoken in the presence of Winterkorn and VW brand chief Herbert Diess on diesel issue.



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