Source: Bloomberg
Summary
Volkswagen AG is suing its former CEO Martin Winterkorn over the 2015 emissions scandal. The carmaker is seeking a refund in the “tens of millions of dollars” over the scandal. Winterkorn was at the helm when the company admitted to using software to cheat on diesel emissions tests.
Our Reading
The announcement sounds ambitious.
Volkswagen is seeking a large refund from its former CEO. The company is still dealing with the aftermath of the emissions scandal. The lawsuit is the latest in a long line of consequences. Volkswagen is trying to recoup some of the costs from the scandal.
This is just another chapter in the ongoing saga of corporate accountability… or just a fancy way of passing the buck.
Author: Evan Null
