dieselgate fallout leads to scoresettling at volkswagen
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Disputing Piech's claims

'Dieselgate' fallout leads to score-settling at Volkswagen

Egypt Today, egypt today

Egypt Today, egypt today 'Dieselgate' fallout leads to score-settling at Volkswagen

Volkswagen
Frankfurt am Main - AFP

Volkswagen's "dieselgate" crisis turned personal this week, as the German auto giant's patriarch and ex-boss Ferdinand Piech implicated his successors in the cheating scandal.

The rift was laid bare after the Wolfsburg-based firm's supervisory board issued a statement late Wednesday to dispute Piech's claims that board members knew about the diesel emissions cheating sooner than they have so far admitted.

The board members targeted in Piech's allegations "rejected them as false, independently from one another," the statement read.

An internal investigation had examined Piech's claims last year and found no evidence, the firm added.

According to German tabloid Bild, Piech has told prosecutors in the German city of Brunswick that he heard rumours about the fraud in February 2015, while he was still chairman of the supervisory board.

He reportedly put the allegations to then-chief executive Martin Winterkorn, who denied them, and to some members of the board.

The allegations have explosive potential as so far VW has always denied that senior management knew of the cheating before it became public knowledge in September 2015.

The company's admission at the time that it had installed in 11 million diesel engines worldwide software designed to dupe pollution tests triggered a share sell-off and a deep crisis at the carmaker.

Prosecutors have told AFP that no one who sat on the supervisory board at the time of Piech's allegations is under investigation, but would not comment on the witnesses they had interviewed or their testimony.

"Piech is clearly trying to settle scores," a VW source who asked not to be identified told AFP.

- 'Fake news' -

As the grandson of the inventor of the VW Beetle, former chief executive and a member of the Porsche-Piech clan that owns much of the group, 79-year-old Piech was long a fixture at VW.

But a confrontation with Winterkorn, his former protege, cost him his place at the head of the supervisory board in April 2015.

"There might be a connection there" to Piech's latest allegations, said Stephan Weil, the minister-president of the carmaker's home state of Lower Saxony, which is a major VW shareholder.

"It's regrettable that a man with indisputable merits like Ferdinand Piech is now resorting to tactics that can only be described as 'fake news'," Weil was quoted as saying by German news agency DPA on Thursday.

The cause of Piech and Winterkorn's falling-out -- after years in which they worked hand-in-glove -- has so far remained a mystery.

- High stakes -

VW has already agreed to pay out more than $22 billion to customers, dealers and authorities in the US to settle claims related to the emissions scam.

But if Piech's allegations turn out to be true, the bill could become even weightier, Bratzel noted, making him "very dangerous" for the firm.

Investors who suffered losses when 'dieselgate' became public are demanding billions of euros in damages from the group, saying it failed to inform them in time.

Meanwhile, investigators in the US and Germany are still trying to determine who was responsible.

Winterkorn -- who stepped down days after the dieselgate scandal broke -- is already under investigation by Brunswick prosecutors over when he knew about the defeat devices.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dieselgate fallout leads to scoresettling at volkswagen dieselgate fallout leads to scoresettling at volkswagen



GMT 11:03 2017 Sunday ,13 August

Morabit calls on HM to approve reforms

GMT 13:33 2018 Thursday ,11 January

China factory gate inflation slows to 13-month low

GMT 00:07 2013 Wednesday ,24 July

Festival de la chanson chaâbi : de jeunes talents

GMT 18:43 2015 Saturday ,09 May

Helicopter lost control moments before landing

GMT 19:58 2017 Friday ,28 April

Trump May Delay Border Wall to Get Budget Deal

GMT 09:41 2017 Tuesday ,21 November

Kedwani underlines parliament’s role

GMT 02:29 2017 Sunday ,09 April

UAE movie fans are quick on the download button

GMT 16:15 2018 Sunday ,04 November

Katy Perry covers ‘Dear Evan Hansen’ song

GMT 02:15 2011 Saturday ,29 October

Forecast: \'Unprecedented\' winter storm due

GMT 10:03 2018 Thursday ,20 September

Russian cabinet to consider 2019-2021 draft budget

GMT 07:14 2011 Sunday ,03 July

Railway project goes full steam ahead

GMT 10:21 2012 Tuesday ,06 March

Ahly suffers spate of UAE camp injuries

GMT 04:45 2013 Thursday ,05 September

The end of oil

GMT 13:32 2017 Sunday ,15 January

South Korea prosecutors to decide Monday

GMT 13:34 2011 Tuesday ,12 July

Jordan-Romania ecology initiative launched

GMT 00:56 2013 Tuesday ,26 February

Secret space is where BlackBerry smartphones are born

GMT 12:19 2011 Monday ,18 July

Japan beat usa on penalties to win world cup

GMT 18:30 2011 Thursday ,11 August

1500 Qatar hajj quota this year
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday