💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

VW CEO Mueller had no knowledge of diesel scandal: Bild am Sonntag

Published 10/09/2016, 06:27 AM
Updated 10/10/2016, 10:31 AM
© Reuters.  VW CEO Mueller had no knowledge of diesel scandal: Bild am Sonntag
VOWG_p
-

FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p) Chief Executive Matthias Mueller had no knowledge of the carmaker's diesel emissions cheating scandal, Germany's Bild am Sonntag newspaper said, citing a report by Jones Day, the lawfirm tasked with investigating the scandal.

Mueller found out about Volkswagen's emissions cheating software on Sept. 18, 2015, when U.S. regulators revealed the German carmaker had faked pollution tests, Bild am Sonntag reported.

Mueller, who was Chief Executive of VW's sportscar division Porsche before the Diesel scandal erupted, was elevated to the position of Volkswagen Group's Chief Executive a week later on Sept. 25, and tasked with turning the firm around.

A spokesman said Volkswagen could not comment on an ongoing legal investigation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.