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Winterkorn’s lawyer, Felix Doerr, said he could not comment on the charges because he had been denied access to important case files. A spokesman for Winterkorn, who resigned shortly after the scandal came to light and said at the time he was stunned by the scale of misconduct, did not respond to a request for comment. Volkswagen admitted in September 2015 to having used illegal engine control software to cheat U.S. pollution tests, triggering a global backlash against diesel and costing the carmaker 29 billion euros so far ($33 billion).
Volkswagen’s current chief executive Herbert Diess, who only joined the carmaker in July 2015 and became CEO a year ago, said he was not among those charged, “I am not among the accused, I do not expect to be charged,” Diess said, speaking on the sidelines of the Shanghai auto show, The events took place between November 2006 and September 2015, the prosecutors said, adding that Winterkorn had failed in his duty to inform black onyx cufflinks gold European and U.S, authorities after it became clear in May 2014 that diesel engines had been manipulated..
“Former Chief Executive Dr. Martin Winterkorn is being charged with a particularly serious case of fraud, a violation of the law against unfair competition and breach of fiduciary trust,” the prosecutors’ office said in a statement. He also neglected to inform customers of the illegal software and did not prevent the continued installation of such software, the prosecutors alleged. They added that this had resulted in Volkswagen being slapped with much higher fines in Germany and the United States than would have been the case had he acted.
Criminal proceedings against the carmaker over the rigged tests had already resulted in a one billion euro fine in June last year, marking one of the highest ever punitive payments imposed by German authorities against a company, Volkswagen said it would not comment because the company was not a party to the proceedings against black onyx cufflinks gold individuals and that the Braunschweig criminal case against the company itself had been closed, While Winterkorn has already been charged by U.S, authorities, he remains in Germany, which does not typically extradite its citizens for prosecution in U.S, courts..
In a related case, the U.S. Securities and Exchange Commission (SEC) sued Winterkorn last month, saying U.S. investors were informed too late about the Volkswagen diesel emissions scandal, alleging “massive fraud”. The Braunschweig prosecutors said people accused of particularly serious fraud could face up to 10 years in prison in Germany. Alongside Winterkorn, four more managers were being charged on counts including major fraud and unfair competition, the statement said. They said that investigations into another 36 suspects in the diesel emissions scandal were ongoing and it was unclear when they would be wrapped up.
TAIPEI (Reuters) - The chairman of Taiwan’s Foxconn, an assembler black onyx cufflinks gold of Apple Inc’s iPhones, said on Monday he plans to step down in the coming months to pave the way for younger talent to move up the company’s ranks, A change in leadership would come at a delicate time for the world’s largest contract manufacturer, which is trying to reinvent itself to cut its reliance on Apple as smartphone sales plateau and as the iPhone maker diversifies its supplier base, It would mark another top-level change at a tech firm in Greater China..
Jack Ma, co-founder of China’s Alibaba Group, said in September he will step down as chairman in a year to allow for younger management. And Morris Chang, founder and chairman of Taiwan Semiconductor Manufacturing Co (TSMC), another Apple supplier, retired last year. Terry Gou, speaking on the sidelines of an event in Taipei, said that while he planned to resign as Foxconn chairman, he hoped to remain involved in strategic decisions regarding the company’s business. When asked by Reuters if he would quit as chairman, Gou said he was moving in that direction, although any decision needed to be discussed with the company’s board.
“I don’t know where you got the information from, But I have to say, basically, I’m working toward that direction - to walk back to the second line, or retire,” Gou said, “I will be involved in black onyx cufflinks gold the major direction of the company, but not involved in daily operations, “I’m already 69 years old, I can pass down my 45 years of experience, That’s the goal I set up - to let young people learn sooner and take over sooner and to replace my position sooner.”..