VW Chairman Martin Winterkorn Releases Video Addressing Scandal, Is Not Stepping Down

VW Group CEO Martin Winterkorn

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Volkswagen Group chairman Martin Winterkorn has released a video statement in response to the emissions-cheating scandal involving the company’s 2.0-liter TDI diesel engines, and although he once again apologized for any wrongdoing, he did not offer his resignation.

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“At this point, I don’t have answers to all the questions,” he said. “But we’re in the process of ruthlessly investigating the issue. We will do everything we can to earn your trust back, step by step,” he added.

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The video is the latest twist following the revelation that the company cheated on U.S. emissions tests for 2.0-liter diesel VWs and Audis, going back as far as 2009. Winterkorn had previously released a statement apologizing for wrongdoing, and the company’s U.S. chief, Michael Horn, did the same at a live event launching the 2016 Passat.

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The company has also set aside $7.3 billion to address the costs associated with the situation, although that may be far from enough. The company faces costs to fix the cars, possible fines and criminal charges, as well as lawsuits.

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VW’s supervisory board is set to meet on Wednesday and the full board on Friday, so Winterkorn’s fate could still change by week’s end.

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You can watch the video here, although you’ll need to understand German:

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from Car and Driver Blog http://ift.tt/1V8mtEG

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