Volkswagen has accepted the resignation of CEO Martin Winterkorn who said he was shocked and stunned “that misconduct on such a scale was possible…” While reiterating that he had no knowledge of the emissions software that rocked the company he added that VW “needs a fresh start” and that he was “clearing the way” for that to occur by resigning.
The Executive Committee of VW’s board of directors said recommendations for a new CEO will be discussed at Friday’s full board meeting and it expects “further personnel consequences in the next days.”
Among the German media there is speculation that Porsche executive Matthias Muller may be offered the CEO’s position.
Those responsible for the emissions software may face criminal actions in Germany, and there are calls both in Europe and the U.S. for changes in the way governments carry out pollution testing in cars and trucks. Critics say current testing procedures unfairly favor manufacturers.
A number of law firms in the U.S. are talking about or filing class action suits on behalf of consumers who own the affected diesels and are concerned about resale value.
Here at home, the Public Interest Research Group said Volkswagen should be required to buy back diesels with the emissions software.
Ford’s heavy duty pickup is going aluminum. The 2017 F-350 that is pictured will feature an aluminum-alloy body, a new high strength steel frame and up to seven cameras to make the “Super Duty the ultimate tow vehicle.” It will go on sale late next year with a choice of three engines up to a 6.8 liter V10.
Not to be outdone, Chevy introduced its 2016 Silverado at a most likely place – the Texas State Fair in Dallas. It will be available with additional 8-speed transmissions, added safety equipment and support for Apple CarPlay and Android Auto. Pickup sales are up 33 percent so far this year, Chevy claims.