Home Daily Blitz Why Scandal Claimed VW’s CEO, While GM And Toyota’s Survived
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Why Scandal Claimed VW’s CEO, While GM And Toyota’s Survived

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forbes articleThe following is an excerpt from Micheline Maynard | September 23, 2015 | Forbes.com |

Martin Winterkorn didn’t even last a week.

The Volkswagen CEO resigned on Wednesday, only days after the German automaker acknowledged that software on its diesel cars allowed them to evade emissions tests.

Winterkorn said he accepted responsibility for the scandal, which may afflict 11 million cars worldwide, but he wasn’t aware of any personal wrongdoing.

It was a swift and shocking turn of events for an executive whose name has been entwined with some of VW’s boldest steps over the past eight years.

During Winterkorn’s eight year tenure, VW achieved its goal of becoming the world’s biggest carmaker, expanded its sales in the United States (where the diesel issue was first discovered) and announced a wave of new factories from China to Mexico.

For more visit: Forbes.com

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