Senior Volkswagen directors are poised to meet to discuss a growing scandal over the company’s cheating in diesel cars’ emissions tests and decide whether Martin Winterkorn should continue as chief executive.
VW announced on Tuesday that it had set aside €6.5bn to cover the costs of repairing 11m diesel-powered vehicles worldwide and the company warned that it would therefore have to cut its 2015 profit target.
In a letter obtained by the Financial Times, Bernd Osterloh, VW’s top labour representative and a member of its supervisory board, assured employees that the body would do everything to investigate the matter quickly and make sure there are “personnel consequences”.
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