Tag: vw bosses
Former VW CEO, Martin Winterkorn, has reportedly received a court summons in Germany to testify in relation to a legal action for compensation.
The legal action is understood to be relating to shareholders who are claiming damages from Volkswagen over the “Dieselgate” emissions scandal.
According to reports, 28 others are also facing questions, including recently-arrested Audi boss, Rupert Stadler, and Bosch CEO, Volkmar Denner.
Let’s take a look at the Rupert Stadler criminal investigations since his arrest in Germany at the end of last week.
The development was a major step forward in the pursuit of justice against the individuals within the Volkswagen Group – which includes subsidiary company Audi – to make sure that the people behind the veil of the corporation, and therefore behind the dieselgate crisis, are appropriately reprimanded.
Rupert Stadler is the latest high-profile figure to be intimated in the scandal, and we are monitoring the progress of the Rupert Stadler criminal investigations very closely.
Big news from the continent: just days after the announcement of investigations into several senior Audi employees, Audi boss Rupert Stadler has been arrested.
Audi, as part of the Volkswagen Group, have millions of their vehicles fitted with the defeat devices that have allowed vehicles to cheat life-saving emissions testing. Audi CEO Rupert Stadler’s arrest is welcome news as prosecutors continue to investigate the carmaker for their actions to get to the bottom of who in the VW company is personally responsible for the scandal.
According to prosecutors, they have made the arrest after concerns that Mr Stadler might try to ‘suppress evidence’.
With former VW CEO Müller out of the frame, reportedly because of the lack of progress in VW putting the Dieselgate scandal behind them, will new boss Herbert Diess do the honourable thing and push for UK compensation?
Diess landed a job at Volkswagen just months before the news of the emissions scandal broke, and it’s suggested he was involved in meetings where the issues were discussed prior to the world finding out about it all. Now, some three years on, he’s in charge of VW who remain defiant in refusing compensation to UK victims of the scandal.
Will Diess do the right thing?
Contrary to the perceptions VW appear to have done well to paint with the media and public, the Volkswagen diesel emissions scandal is far from over. With the deadline to join the class action against them formally set as 26 October 2018, the legal fight for justice has really only just begun, and there is plenty to be done before the deadline elapses.
Our firm has been appointed to the Steering Committee who are leading the action against VW in the High Court of Justice. Anyone who has yet to start their claim and join our Claimant Group is urged to do so before the deadline expires to avoid missing out.
So, Volkswagen may sue former CEO, Martin Winterkorn, for his alleged involvement in the “dieselgate” scandal, yet many are left wondering: what about compensating their victims?
According to media reports, VW are potentially looking to recover around £88 million in damages from their former executive, which could financially ruin him. Yet all this talk of action and investigations into their own scandal still doesn’t change the fact that there are possibly two million potential UK victims of the scandal who are being refused compensation.
Former Volkswagen CEO, Martin Winterkorn, has been formally charged by US authorities for violating the Clean Air Act and allegedly covering-up knowledge of the Volkswagen “dieselgate” scandal.
Court documents reportedly reveal that Winterkorn knew about the automaker’s use of the defeat devices, yet he failed to alert authorities and covered up knowledge of the cheating behaviour.
These latest criminal charges are set to put even more pressure on Volkswagen who has already settled compensation claims in the US but is currently refusing compensation to UK victims.
Volkswagen’s focus on pay rises for bosses is a slap in the face for emissions scandal victims, who continue to be refused compensation in England and Wales. Although Matthias Mueller was recently replaced, it didn’t stop VW increasing his already generous pay packet by around 40% last year, while leaving the victims of the “dieselgate” scandal without a penny.
VW has also boasted of brighter profits recently as well, and when you consider the refusal to compensate emissions scandal owners in England and Wales, it’s a slap in the face for victims in my view.
Former head for Volkswagen’s engineering and environmental office in Michigan, Oliver Schmidt, was given a maximum recommended prison sentence of seven years for his involvement in the VW Emissions Scandal. He was also given a maximum recommended fine of $400,000 (£300,000).
Schmidt was charged and convicted for conspiracy to defraud the U.S. and for violating the Clean Air Act. Schmidt wrote to Judge Cox admitting he was given “a script, or talking points” by senior members in the company, inferring he was only following instructions.
Does this vindicate him? We don’t think so…
A year on from the Department For Transport challenging Volkswagen’s “dieselgate” explanation, and nothing has changed…
On the 20th February 2017, a hearing was held with Volkswagen’s UK Managing Director, Paul Willis, who said that he doesn’t believe that the German automotive giant misled customers when they were purchasing the vehicles involved in the emissions scandal.
The Department For Transport questioned many aspects of the scandal, with Willis mostly responding with answers akin to “I don’t know”, which really didn’t help matters at all.
A year on, VW remain defiant in refusing victims compensation, and not a lot else has happened in terms of government intervention.