Volkswagen’s top U.S. exec steps down amid emissions cheating scandal
Volkswagen’s top U.S. executive is stepping down amid the company’s ongoing emissions cheating scandal, the company announced Wednesday.
U.S. President and Chief Executive Michael Horn is leaving “to pursue other opportunities effective immediately,” the automaker said in a statement. He had been with the German automaker for 25 years, assuming his most recent post in 2014.
Horn’s departure comes as the company continues to grapple with the fallout from its admission last year that nearly 600,000 cars were sold in the United States with software that regulators say was designed to cheat on required emissions tests.
The company potentially faces more than $20 billion in fines from state and federal regulators, as well as hundreds of class-action lawsuits filed on behalf of angry vehicle owners. The Justice Department is also conducting a criminal investigation.
“To my understanding, this was not a corporate decision; this was something individuals did,” Horn said, adding that he felt personally deceived.
A federal judge has given the company until March 24 to reach an agreement with the government on recalling the affected vehicles. U.S. District Judge Charles R. Breyer wants to know about available technical solutions to fix the cars and the status of negotiations on a potential settlement with affected owners. Volkswagen has not indicated whether it will be able to meet the deadline.
The company is negotiating with lawyers for the owners of the defective cars, as well as the Environmental Protection Agency and the California Air Resources Board. Any planned recall would be subject to approval by state and federal regulators.
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