Exploring Riyadh's Historical Sites and Cultural Gems    Egypt secures $130m in non-refundable USAID grants    URGENT: US PPI declines by 0.2% in May    Singapore offers refiners carbon tax rebates for '24, '25    HSBC named Egypt's Best Bank for Diversity, Inclusion by Euromoney    G7 agrees on $50b Ukraine loan from frozen Russian assets    Egypt's CBE offers EGP 4b zero coupon t-bonds    EU dairy faces China tariff threat    Over 12,000 Egyptian pilgrims receive medical care during Hajj: Health Ministry    Egypt's rise as global logistics hub takes centre stage at New Development Bank Seminar    MSMEDA, EABA sign MoU to offer new marketing opportunities for Egyptian SMEs in Africa    Blinken addresses Hamas ceasefire counterproposal, future governance plans for Gaza    Egypt's President Al-Sisi, Equatorial Guinea's Vice President discuss bilateral cooperation, regional Issues    Egypt's Higher Education Minister pledges deeper cooperation with BRICS at Kazan Summit    Egypt's Water Research, Space Agencies join forces to tackle water challenges    Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Volkswagen CEO vows action on emission scandal
Published in Amwal Al Ghad on 28 - 09 - 2015

Matthias Müller wasted no time asserting his authority after Volkswagen AG tapped the chief of its Porsche sports car unit last week to take the helm of the entire group.
He has promised investors and customers a thorough investigation into the emissions cheating scandal that has rocked Europe's biggest car maker. And in a letter to employees, which was viewed by The Wall Street Journal, Mr. Müller closed ranks with labor representatives, vowing to ensure that such misconduct "never happens again."
"We will be relentless in getting to the bottom of this--fast, open and as decisively as possible," Mr. Müller and Bernd Osterloh, head of VW's powerful works council, said in the letter, which is to be sent to employees on Monday.
The letter echoes comments Mr. Müller made during his first public appearance after being named CEO of the group on Friday. By sending it together with Mr. Osterloh, the new VW chief is demonstrating his willingness to work closely with labor, a key reason why he was chosen for the job.
On Friday, Mr. Müller acknowledged the daunting challenge of taking control of Germany's biggest company as the worst crisis in the car maker's 78-year history continues to unfold. He vowed to get to the bottom of an emissions scandal that has shattered trust in the firm and threatens to undermine its business at a time when key markets are weakening.
Source: MarketWatch


Clic here to read the story from its source.