Ex-VW CEO Denies Criminal Charges Over Diesel Emissions Scandal.

Former Volkswagen CEO Martin Winterkorn has denied allegations that he deceived customers and failed to disclose information about diesel emission cheating in a criminal trial in Germany. Winterkorn claims that he was not properly informed about the extent of the scandal and was unaware of the illegal software applications in VW vehicles. He argues that his role as CEO was to make strategic decisions, not to micromanage technical issues, and that he would have intervened if he had known about the illegal software. Winterkorn is facing charges of fraud and misleading markets. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)