• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Three more bosses go at Volkswagen

By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
September 24, 2015, 9:08 AM ET
<h1>10. Martin Winterkorn: Volkswagen</h1>
What, me worry? <a href="http://money.cnn.com/gallery/autos/2012/11/28/automaker-family-control.fortune/index.html" title="">VW AG chairman Winterkorn</a> has a brand-new Golf to sell while he waits out the restructuring of Europe's less fortunate automakers that he believes is just around the corner: "We can see some light at the end of the tunnel" in 2014 and 2015. Meanwhile, VW can make hay in other markets where it is either on the rise or on top: China, the U.S., and Brazil.
<h1>10. Martin Winterkorn: Volkswagen</h1> What, me worry? <a href="http://money.cnn.com/gallery/autos/2012/11/28/automaker-family-control.fortune/index.html" title="">VW AG chairman Winterkorn</a> has a brand-new Golf to sell while he waits out the restructuring of Europe's less fortunate automakers that he believes is just around the corner: "We can see some light at the end of the tunnel" in 2014 and 2015. Meanwhile, VW can make hay in other markets where it is either on the rise or on top: China, the U.S., and Brazil.Photograph by Maurizio Gambarini—AFP/Getty Images

Three more senior executives at Volkswagen AG (VLKPY) are clearing their desks.

Wolfgang Hatz, the head of research and development at the group’s Porsche unit, and Ulrich Hackenberg, board member responsible for technical development at Audi, will both leave the company as it tries to contain the scandal engulfing it, according to a report by the mass-circulation daily Bild-Zeitung.

Separately, Der Spiegel reported that Hans-Jakcob Neusser, head of development at the VW brand since 2013, will also leave.

They follow group CEO Martin Winterkorn, who quit already on Wednesday while denying any knowledge that the group had doctored tests measuring its diesel vehicles’ emissions over a number a years.

The three are long-time company insiders who had responsibility for technical issues at the time that the company installed the ‘defeat devices’ into the software in its cars, according to Bild and Spiegel.

As reported, the Environmental Protection Agency found that the cars’ software was configured to give deceptively low emissions readings while being tested in lab conditions, but to switch back into a mode that released many more times than the legal limit of harmful emissions on the open road.

None of the three rumored victims is a member of the group management board, leaving Winterkorn (who had overall responsibility for technical issues at the group level) the only one of the company’s most senior managers to lose his job so far.

About the Author
By Geoffrey Smith
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.