Wednesday, September 23, 2015

VW CEO Martin Winterkorn resigns after cheating emissions testing on 11 million cars

volkswagen, vw, volkswagen cheats emissions testing, vw cheats emissions testing, vw defeat devices, emissions standards germany, german government, class action lawsuits, VW CEO Martin Winterkorn resigns, VW CEO resigns, VW CEO steps down

Volkswagen‘s chief executive Martin Winterkorn has announced he is stepping down following news the auto maker is facing multiple class action lawsuits after the company admitted to cheating emissions testing on 11 million cars. To mount a defense, the German carmaker hired Kirkland & Ellis, the same law firm that BP used after the Deepwater Horizon disaster. Given VW’s reputation for environmentally-friendly designs, this news has shaken the auto world, leaving consumers and shareholders alike with a lot of doubts about their loyalty to the second largest carmaker in the world.

volkswagen, vw, volkswagen cheats emissions testing, vw cheats emissions testing, vw defeat devices, emissions standards germany, german government, class action lawsuits, VW CEO Martin Winterkorn resigns, VW CEO resigns, VW CEO steps down volkswagen, vw, volkswagen cheats emissions testing, vw cheats emissions testing, vw defeat devices, emissions standards germany, german government, class action lawsuits volkswagen, vw, volkswagen cheats emissions testing, vw cheats emissions testing, vw defeat devices, emissions standards germany, german government, class action lawsuits


Read the rest of VW CEO Martin Winterkorn resigns after cheating emissions testing on 11 million cars












via Green Living - Building, Home, Auto & Lifestyles copy http://ift.tt/1LO1ORs
at

No comments:

Post a Comment