Volkswagen CEO Matthias Mller Under Investigation for Diesel Knowledge
Volkswagen Group CEO Matthias Müller is under investigation in Germany over the possibility he withheld important information on the company’s emissions scandal to investors, as well as potential market manipulation relating to Porsche. While public prosecutors continued to broaden their search among high-ranking company officials, the inclusion of the CEO is a bit of a surprise.
It was widely believed Müller would be free from scrutiny as he was appointed to replace ex-CEO Martin Winterkorn shortly after the emissions scandal went public in September 2015. Initially, German investigators even stated the CEO was not suspected of any wrongdoing. Then, in March of 2017, prosecutors launched a raid that seized the mobile phones, electronic passwords, appointment books, and email files of numerous Volkswagen and Audi employees — including Müller.
This is the first time Müller has officially been the subject of any of the multiple government probes. The majority have focused on former executives and mid-level bosses who definitively authorized software to falsify emissions tests. The software went on to be installed in 11 million vehicles. However, Braunschweig and Stuttgart-based investigators have begun focusing their attention further up the corporate ladder. Those probes already include Winterkorn and Hans-Dieter Pötsch, the company’s current chairman and former finance chief.
The Financial Times ties the Stuttgart investigations to a 2016 complaint by Germany’s Financial Supervisory Authority, which suspected several Porsche SE executive of possible market manipulation. It’s unknown if Müller was among them at the time.
Neither Volkswagen or Porsche has made any statement on the matter. However, VW has previously maintained that its executives were unaware of the vastness of the emissions scandal or the potential liabilities involved. It has repeatedly faulted lower-level engineers as acting alone while upper management slowly learned of the true nature of the problem after environmental regulators began asking questions. The company has repeatedly apologized on the matter while pledging to improve corporate transparency and maintain its social responsibilities.
Earlier this year, six former or current VW officials were indicted by the U.S. government for conspiracy to commit fraud and violation of the Clean Air Act. One of them, former U.S. emissions compliance chief Oliver Schmidt, currently sits in a Detroit jail awaiting trial after being nabbed by authorities in Miami last January.
[Image: Volkswagen AG]
A staunch consumer advocate tracking industry trends and regulation. Before joining TTAC, Matt spent a decade working for marketing and research firms based in NYC. Clients included several of the world’s largest automakers, global tire brands, and aftermarket part suppliers. Dissatisfied with the corporate world and resentful of having to wear suits everyday, he pivoted to writing about cars. Since then, that man has become an ardent supporter of the right-to-repair movement, been interviewed on the auto industry by national radio broadcasts, driven more rental cars than anyone ever should, participated in amateur rallying events, and received the requisite minimum training as sanctioned by the SCCA. Handy with a wrench, Matt grew up surrounded by Detroit auto workers and managed to get a pizza delivery job before he was legally eligible. He later found himself driving box trucks through Manhattan, guaranteeing future sympathy for actual truckers. He continues to conduct research pertaining to the automotive sector as an independent contractor and has since moved back to his native Michigan, closer to where the cars are born. A contrarian, Matt claims to prefer understeer — stating that front and all-wheel drive vehicles cater best to his driving style.
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You mean, “For Unlawful Diesel Knowledge”.
That guy looks like an evil Gibbs from NCIS...