Volkswagen Names Matthias Mueller As Its New CEO
25 Settembre 2015 - 7:26PM
Dow Jones News
By Ulrike Dauer And Monica Houston-Waesch
FRANKFURT-- Volkswagen AG on Friday named Matthias Mueller as
the company's new CEO, tasking him with the challenge of steering
Europe's biggest car maker through an emissions-cheating
scandal.
The 62-year-old Mr. Mueller will keep his post as chief
executive of the group's Porsche AG unit until a successor has been
named.
Volkswagen's previous chief executive, Martin Winterkorn,
resigned Wednesday over the scandal that cost the company nearly
one-third of its market value. A week ago, the U.S. Environmental
Protection Agency disclosed that Volkswagen admitted to using
software on some of its Volkswagen and Audi diesel-powered cars
that make them appear to run cleaner in tests than they do on the
road.
On Tuesday, Volkswagen said as many as 11 million cars were
affected and possibly subject to a global recall. The company
issued a profit warning and announced it was taking a EUR6.5
billion ($7.27 billion) provision against earnings to cover the
costs of fixing the software.
Write to Ulrike Dauer at ulrike.dauer@wsj.com and Monica
Houston-Waesch at nikki.houston@wsj.com
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(END) Dow Jones Newswires
September 25, 2015 13:11 ET (17:11 GMT)
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