VW CEO Mueller had no knowledge of diesel scandal: Bild am Sonntag

October 9, 2016 6:26 AM EDT

Volkswagen CEO Matthias Mueller delivers his speech at the annual shareholder meeting in Hanover, Germany June 22, 2016. REUTERS/Fabian Bimmer


Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

FRANKFURT (Reuters) - Volkswagen Chief Executive Matthias Mueller had no knowledge of the carmaker's diesel emissions cheating scandal, Germany's Bild am Sonntag newspaper said, citing a report by Jones Day, the lawfirm tasked with investigating the scandal.

Mueller found out about Volkswagen's emissions cheating software on Sept. 18, 2015, when U.S. regulators revealed the German carmaker had faked pollution tests, Bild am Sonntag reported.

Mueller, who was Chief Executive of VW's sportscar division Porsche before the Diesel scandal erupted, was elevated to the position of Volkswagen Group's Chief Executive a week later on Sept. 25, and tasked with turning the firm around.

A spokesman said Volkswagen could not comment on an ongoing legal investigation.

(Reporting by Edward Taylor; editing by John Stonestreet)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Add Your Comment