September 22, 2015 / 12:02 PM / in 4 years

Volkswagen denies report about CEO ouster

FRANKFURT, Sept 22 (Reuters) - Volkswagen denied a media report that said Chief Executive Martin Winterkorn was to be replaced amid an emissions scandal that has rocked the company.

“Nonsense,” a spokesman at the company’s headquarters in Wolfsburg said on Tuesday when asked whether the report by German Tagesspiegel was true.

Europe’s biggest automaker could face penalties of up to $18 billion in the United States, as well as class-action lawsuits from buyers and damage to its reputation, with U.S. regulators alleging it misled them for more than a year. (Reporting by Andreas Cremer; Writing by Kirsti Knolle; Editing by Maria Sheahan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below