Update: Volkswagen CEO

Update: 24th September, 2015: With the automobile world shaken over the unprecedented Volkswagen Emission Scandal, the company has finally got some succour. The assistance comes from none other than India’s automobile sector which has given its go-ahead to the carmaker to continue its sales in the country. “The government has not been asked to check Volkswagen cars thus far. Generally we conduct random checks on all cars. We did that on VW cars, too, but did not find anything unsatisfactory,” said a senior executive of government funded Automotive Research Association of India (ARAI). This comes at a time when the company’s shares have gone down by 30% and is dreaded to face a fine of up to $18 billion. Although this news comes as a great pain reliever to Volkswagen, the engine used by the company in India is same as that in US which has been caught under the scandal. This means the engine is polluting the environment to same extent in India as it was doing in US. This also brings limelight to the fairly low standards practised in india over car emission.

Martin Winterkorn, CEO Volkswagen Group, has issued an apology for rigging the US NOx testing in a video on the corporate website. He admitted that the scandal has affected approximately 11 million vehicles. While claiming that they are not fully aware of what led to the scandal, he vowed that the case will undergo thorough investigation in the minimum time while maintaining the highest level of transparency.

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"At present we do not yet have all the answers to all the questions. But we are working hard to find out exactly what happened. To do that, we are putting everything on the table, as quickly, thoroughly and transparently as possible,” Winterkorn said in the official statement.

Assuring the customers about Volkswagen authenticity, Winterkorn added that the irregularities with these engines contradict everything for which Volkswagen stands for. In the statement he clearly hinted to those who knew about the software malware that allowed the engines to perform better than expected in US NOx testing, Winterkorn stressed about VW's intention to track down the departments and staff. "I am well aware that much is now questioned. I understand that. But it would be wrong if the hard and honest work of 6,00,000 people comes under general suspicion because of the bad mistakes of a few. Our team does not deserve this," he added. However, the Volkswagen denied the claims that the scandal can cost the CEO his job. Though, speculations were rife that the Porsche CEO Matthias Muller will replace Winterkorn.

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The scandal has already adversely hit the business interests of VW and the company’s shares went further down by 17% after already dipping down by 19% on Monday. The statement also comes at a time when scope of investigation has been expanded to South Korea from European Union. South Korea will be investigating three diesel models of the maker namely Jetta, Golf and Audi A3 and if the wrongdoing is proved, the company can face a penalty of up to $18 billion.

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