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VOLKSWAGEN CHAIRMAN'S POSITION IS UNTENABLE


(Reuters Breakingviews) - Hans Dieter Poetsch was the wrong choice as Volkswagen chairman from day one. His investigation by criminal prosecutors looking into potential market manipulation is really just a reminder that the German carmaker cannot turn a corner until it has made a clean break with its murky past. For that to happen, Poetsch needs to go. The investigation centres not on VW's fudging of emissions data in 2015, but how transparently the company communicated its issues with U.S. regulators to its shareholders. After admitting cheating to U.S. authorities on Sept. 3 2015, Volkswagen waited 17 days to make the matter public.

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#HansDieterPoetsch #Volkswagen #Germany #BREAKINGNEWS

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