Volkswagen Chief Martin Winterkorn Resigns Amid Emissions Scandal

NY Times ^ | SEPT. 23, 2015 | JACK EWING

[TroutStalker]

FRANKFURT — Martin Winterkorn resigned as chief executive of Volkswagen Wednesday, taking responsibility for an emissions cheating scandal that has gravely damaged the carmaker’s reputation and may spread to the German economy.

“As C.E.O. I accept responsibility for the irregularities that have been found in diesel engines,” Mr. Winterkorn, who had headed the company since 2007, said in a statement.

But he continued to insist he personally committed no misconduct. “I am not aware of any wrong doing on my part.”

[1010RD]

There will be a settlement.

[1010RD]

Let the market decide? That’s the regulators nightmare.

[1010RD]

Thanks for your informed commentary, but what I want to know is “emitting 40 times the allowed NOx poison” really a problem. My experience is with lead where lead poisoning in children was dropping precipitously under the old standard and when the bureaucrats saw that they arbitrarily halved the lead standard per liter of blood and viola: number of children with lead “poisoning” sky rocket.

[Rapscallion]

I would cut his pension 50% for stupidity. He should have foreseen the consequences even though he lacks integrity.

[ConservativeMind]

Mazda has a really clean diesel, but it is just over the mark for California, so it has only been sold in all other countries. I want that Mazda engine.

This makes me mad, but VW being fined so much also makes me mad.

0bama will only use give the money to a pet environmental group to use. It just makes me so mad.

[RginTN]

obama lied about obamacare and hasn't resigned...dang it!