Not exact matches
Volkswagen AG CEO Martin Winterkorn is set to be grilled by the executive committee of the company's board as the fallout from its
emissions cheating
scandal spreads.Winterkorn issued a video apology Tuesday, after the company admitted that 11 million vehicles
worldwide run software that cheat local
emissions tests.
Volkswagen's
scandal over cheating on U.S.
emissions tests has expanded to 11 million cars
worldwide, has cost the company $ 26 billion in shareholder value so far, and has already claimed CEO Martin Winterkorn, who announced his resignation on Wednesday.
from Maserati to Fiat to Alfa to Dodge / Chrysler etc... their inventory overflow
worldwide is second only to GM... the US has just nailed FCA in a DieselGate like
Emissions scandal... cars are collecting dust on dealer lots..