Unsealed documents from a German prosecutor’s office shed light on current Volkswagen CEO Herbert Diess’ knowledge of the costly diesel emissions scandal. Back in late July, 2015, Diess, having just taken the helm of the VW brand after arriving from BMW, sat in on a fateful meeting, German magazine Der Spiegel reports.
It seems that, for the executives at that table, the key to avoiding prosecution depends on how dumb they can claim to be. (Read More…)
Rupert Stadler, whose reign as CEO of Audi came to an end after his June arrest, won’t walk out the front doors of his Bavarian jail anytime soon. A Munich court has rejected the former auto executive’s appeal for release.
The appeal came nearly a month ago, around the same time Stadler — suspected of fraud in the diesel emissions scandal — stopped talking to prosecutors. The reason for the court’s decision is the same reason why a judge remanded Stadler in custody back in June. Worries remain that he might tamper with evidence if freed.
Meanwhile, there’s change brewing at the top of Audi’s corporate hierarchy. (Read More…)
Audi on Monday delayed construction of a new wind tunnel because of the company’s massive diesel scandal, but announced that it would invest nearly $3.3 billion for 2016 — including bringing to market a new Q2, an updated Q5 and a SUV based on the concept shown above in two years.
The automaker’s chief, Rupert Stadler, affirmed the company would release a battery-powered vehicle by 2018, inspired by the e-tron quattro concept revealed at Frankfurt.
No word if the delayed wind tunnel would have allowed Audi to develop real mirrors.
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