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 13:53 2012 Saturday ,29 December

Romantic and private gastronomic affair

GMT 10:39 2017 Monday ,18 December

Heavy air pollution shuts schools in Iran

GMT 11:07 2018 Tuesday ,25 September

OPEC daily basket price announced for Monday

GMT 08:15 2017 Sunday ,31 December

Russia accuses US of breaking treaty

GMT 04:19 2012 Monday ,29 October

Reverse immigration!

GMT 18:19 2017 Wednesday ,27 December

Player Abrahon sad for negative results

GMT 19:30 2014 Thursday ,04 December

Simple steps can increase your sleep

GMT 08:24 2017 Sunday ,19 February

Morocco to Increase Its Defense Budget

GMT 22:39 2016 Friday ,30 September

Ogier dominates in Corsica rally to close in on title

GMT 07:44 2015 Saturday ,17 January

Humans, canines set to conquer mountains

GMT 12:33 2017 Thursday ,27 April

Australian aids to Iraq for next 3 years

GMT 16:34 2011 Wednesday ,20 April

Real v Barca: teams of the century

GMT 06:19 2015 Friday ,16 October

Dozens killed as suicide bombers hit Nigeria mosque

GMT 13:04 2012 Wednesday ,22 February

Etisalat dividend at 60 fils par valu

GMT 20:39 2016 Sunday ,16 October

Vodafone Egypt acquires 4G license in $335m deal

GMT 01:32 2017 Thursday ,02 February

Five things to know about India’s budget

GMT 22:15 2017 Thursday ,15 June

Popular Mobilization Forces confronted

GMT 05:51 2016 Thursday ,29 December

Rashid hospital doctors re-implant women's thumb

GMT 01:20 2011 Wednesday ,09 March

Organic farming apprentice gets her hands dirty

GMT 17:14 2017 Sunday ,01 January

My Dreams for 2017

GMT 05:30 2018 Monday ,01 January

Six dead after Sydney seaplane crash

GMT 14:15 2017 Tuesday ,03 October

Turkey to detain 254 municipality, ministry staff

GMT 11:15 2017 Thursday ,21 December

France closes probe into 1994 attack on Rwanda president

GMT 11:33 2017 Sunday ,30 July

EGX pumps EGP 48bn into Egyptian economy

GMT 18:26 2018 Friday ,14 December

Mashrou’ Leila headline Apple event in Dubai
 
 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