Volkswagen CEO News

Volkswagen would postpone the building of a new design center in Wolfsburg.

The new chief of embattled carmaker Volkswagen said the recall of diesel cars affected by the pollution cheating scandal could start by January and end by the end of 2016.

German prosecutors said Thursday that they had not launched a formal inquiry against Martin Winterkorn, the former chief executive of auto giant Volkswagen, contrary to what they originally stated this week.

The head of German luxury sports car maker Porsche, Matthias Mueller, has been picked to succeed Martin Winterkorn as the chief executive of scandal-battered auto giant Volkswagen, the business daily Handelsblatt reported on Thursday.

German auto giant Volkswagen hopes to find a new chief executive later this week after Martin Winterkorn resigned in the wake of the massive pollution cheating scandal. 

Auto giant Volkswagen searched Thursday for a new chief to steer it out of a global pollution cheating storm, as suspicions over diesel car emissions spread for the first time to fellow German manufacturer BMW.

Volkswagen will start firing people responsible for rigging U.S. emissions tests and shake up management on Friday, two sources familiar with the plans said, as the German carmaker tries to get to grips with the biggest scandal in its 78-year history.

German auto giant Volkswagen will announce its new chief executive on Friday, its supervisory board said in a statement after Martin Winterkorn resigned over the widening car pollution cheating scandal.

Volkswagen CEO Martin Winterkorn resigned on Wednesday, taking responsibility for the German carmaker`s rigging of U.S. emissions tests in the biggest scandal in its 78-year history.

Volkswagen Chief Executive Martin Winterkorn faces a reckoning with his board on Wednesday, summoned to explain the falsification of U.S. emissions tests in the biggest scandal in the 78-year history of the world`s largest carmaker.

Volkswagen chief Martin Winterkorn on Tuesday offered his "deepest apologies" for the pollution-cheating scandal engulfing the auto giant and threatening to tarnish Germany`s industrial reputation. 

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

Volkswagen will dismiss Chief Executive Martin Winterkorn, a German newspaper said on Tuesday, after the carmaker admitted to cheating US vehicles emissions tests and said 11 million of its cars could be affected worldwide.