The Fort Worth Press - Ex-Volkswagen CEO faces trial over 'dieselgate'

USD -
AED 3.673026
AFN 69.504121
ALL 89.39045
AMD 387.175704
ANG 1.803175
AOA 926.336003
ARS 960.501971
AUD 1.48235
AWG 1.8
AZN 1.69797
BAM 1.759367
BBD 2.02015
BDT 119.561013
BGN 1.75778
BHD 0.376754
BIF 2894
BMD 1
BND 1.295642
BOB 6.938335
BRL 5.510328
BSD 1.000405
BTN 83.804812
BWP 13.260469
BYN 3.273937
BYR 19600
BZD 2.01655
CAD 1.358885
CDF 2870.000038
CHF 0.845045
CLF 0.033436
CLP 922.595795
CNY 7.093499
CNH 7.097925
COP 4227.03
CRC 518.911626
CUC 1
CUP 26.5
CVE 99.550102
CZK 22.613097
DJF 177.720236
DKK 6.708598
DOP 60.099154
DZD 132.293939
EGP 48.432698
ERN 15
ETB 113.941708
EUR 0.89906
FJD 2.2159
FKP 0.761559
GBP 0.75707
GEL 2.701381
GGP 0.761559
GHS 15.711096
GIP 0.761559
GMD 70.000338
GNF 8650.000296
GTQ 7.738947
GYD 209.31948
HKD 7.79395
HNL 24.813342
HRK 6.799011
HTG 131.837194
HUF 354.320003
IDR 15369.3
ILS 3.745395
IMP 0.761559
INR 83.855495
IQD 1310.687909
IRR 42104.999768
ISK 136.929611
JEP 0.761559
JMD 157.288715
JOD 0.708697
JPY 140.651048
KES 129.000091
KGS 84.668802
KHR 4075.000404
KMF 442.749828
KPW 899.999433
KRW 1319.929736
KWD 0.30494
KYD 0.833806
KZT 481.097369
LAK 22104.999936
LBP 89600.000206
LKR 302.163451
LRD 194.950194
LSL 17.674538
LTL 2.95274
LVL 0.60489
LYD 4.774884
MAD 9.746863
MDL 17.384069
MGA 4526.197436
MKD 55.328274
MMK 3247.960992
MNT 3397.999955
MOP 8.033086
MRU 39.789502
MUR 45.950083
MVR 15.350065
MWK 1734.898574
MXN 19.30305
MYR 4.301498
MZN 63.875035
NAD 17.674379
NGN 1639.097505
NIO 36.819143
NOK 10.607435
NPR 134.0877
NZD 1.615285
OMR 0.384948
PAB 1.000495
PEN 3.776032
PGK 3.967076
PHP 55.725971
PKR 278.624972
PLN 3.844575
PYG 7778.527414
QAR 3.640498
RON 4.471503
RSD 105.222018
RUB 91.397566
RWF 1340
SAR 3.75307
SBD 8.36952
SCR 13.413176
SDG 601.500226
SEK 10.194802
SGD 1.295861
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 571.767839
SRD 29.750502
STD 20697.981008
SVC 8.754554
SYP 2512.529936
SZL 17.665842
THB 33.280992
TJS 10.645347
TMT 3.51
TND 3.0295
TOP 2.349796
TRY 33.993975
TTD 6.792894
TWD 31.863992
TZS 2729.452965
UAH 41.512443
UGX 3716.96382
UYU 41.101066
UZS 12755.81343
VEF 3622552.534434
VES 36.729602
VND 24545
VUV 118.722009
WST 2.797463
XAF 590.075114
XAG 0.032441
XAU 0.000387
XCD 2.702549
XDR 0.74151
XOF 590.077768
XPF 107.281968
YER 250.303129
ZAR 17.634802
ZMK 9001.205751
ZMW 26.438177
ZWL 321.999592
  • RBGPF

    5.1600

    62.16

    +8.3%

  • CMSC

    -0.0800

    25.03

    -0.32%

  • BCC

    -0.4050

    135.455

    -0.3%

  • NGG

    0.5700

    70.17

    +0.81%

  • SCS

    0.2550

    14.045

    +1.82%

  • RYCEF

    0.0200

    6.58

    +0.3%

  • RIO

    0.6550

    63.205

    +1.04%

  • GSK

    0.5400

    43.55

    +1.24%

  • AZN

    0.6400

    78.91

    +0.81%

  • BTI

    0.1950

    39.365

    +0.5%

  • RELX

    0.3850

    48.095

    +0.8%

  • CMSD

    0.0000

    25.1

    0%

  • JRI

    0.0950

    13.285

    +0.72%

  • VOD

    0.1750

    10.345

    +1.69%

  • BCE

    -0.2011

    34.465

    -0.58%

  • BP

    0.4250

    32.265

    +1.32%

Ex-Volkswagen CEO faces trial over 'dieselgate'
Ex-Volkswagen CEO faces trial over 'dieselgate' / Photo: © AFP/File

Ex-Volkswagen CEO faces trial over 'dieselgate'

Former Volkswagen CEO Martin Winterkorn is set to go on trial Tuesday for his role in the "dieselgate" scandal, nine years after the saga first plunged the German auto titan into crisis.

Text size:

VW admitted in 2015 that it had installed software to rig emissions levels in millions of vehicles worldwide, setting off one of Germany's biggest post-war industrial scandals.

Winterkorn faces charges including fraud over the use of the so-called defeat devices, which made cars appear less polluting in lab tests than they were on the road, and could be jailed for 10 years if convicted.

He resigned as head of the VW group -- whose brands range from Porsche and Audi to Skoda and Seat -- shortly after the crisis began but attempts to bring him to trial had so far failed.

Now 77, he was supposed to stand trial in 2021 alongside four other VW executives but proceedings against him were split off and postponed due to his poor health.

However a regional court in the city of Braunschweig, close to VW's historic headquarters in Wolfsburg, announced earlier this year that proceedings against him would finally get underway this month.

Since then there have been renewed concerns about his health, with reports saying he had to undergo an operation in mid-June, and there are now fresh questions about whether he will be able to endure the long-running trial.

- Buyers were 'deceived' -

Winterkorn faces several charges.

He has been accused of conspiracy to commit fraud, with the allegation based on the claim that buyers of some of the group's vehicles were "deceived about their characteristics" due to the use of defeat devices, according to the court.

The alleged fraud relates to about nine million vehicles sold in Europe and United States, with the buyers facing financial losses running into hundreds of millions of euros, it said.

However Winterkorn has not been accused of involvement in the offence for its entire period, which was from 2006 to 2015. He was VW chief executive from 2007 until 2015.

He has also been accused of giving false testimony to a German parliamentary committee in 2017 when it was investigating the scandal.

He said that he knew of the existence of the defeat devices only in September 2015 but prosecutors claim it was earlier.

Winterkorn further faces a charge of market manipulation.

He is alleged to have "deliberately failed to inform the capital market in good time" after finding out about the emissions-rigging software, in violation of German stock market regulations.

Some 89 hearings have been scheduled through September 2025.

Winterkorn had already agreed a settlement with Volkswagen in 2021, under which he would pay the company 11 million euros ($12 million) in relation to the controversy.

Ahead of the trial, Volkswagen noted it was not party to the proceedings although it said that it would be monitoring them.

The highest-ranking former executive to have been convicted so far in the scandal is ex-Audi CEO Rupert Stadler.

In June last year, he received a suspended sentence and a fine as part of a deal in exchange for admitting to fraud by negligence.

The fraud has already cost VW around 30 billion euros in fines, legal costs and compensation to car owners, mainly in the United States.

M.T.Smith--TFWP