Two days after Volkswagen CEO Martin Winterkorn stepped down amid the company's emissions scandal, the beleaguered company has found a new CEO.
Top Porsche executive Matthias Müller will become Volkswagen's new CEO, the company announced Friday. Müller, 62, previously worked as Volkswagen's head project strategist before moving to Porsche — also owned by the Volkswagen Group — in 2010.
Müller says his top priorities as CEO will be restoring the company's reputation and making changes to how the company runs. "My most urgent task is to win back trust for the Volkswagen Group — by leaving no stone unturned and with maximum transparency," Müller told the BBC. The company recently admitted that roughly 11 million of its cars worldwide were equipped with "defeat devices" to evade pollution tests.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The NCAA is a 'billion-dollar sports behemoth' that 'should not be a nonprofit'Instant Opinion Opinion, comment and editorials of the day
-
Trump picks conservative BLS critic to lead BLSspeed read He has nominated the Heritage Foundation's E.J. Antoni to lead the Bureau of Labor Statistics
-
What's a pocket rescission and can Trump use one?The Explainer The White House may try to use an obscure and prohibited trick to halt more spending
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
