Berliner Boersenzeitung - Ex-Volkswagen CEO denies charges in 'dieselgate' trial

EUR -
AED 4.221747
AFN 72.422506
ALL 96.096124
AMD 433.854203
ANG 2.057804
AOA 1054.144007
ARS 1605.343242
AUD 1.62721
AWG 2.072078
AZN 1.960051
BAM 1.958112
BBD 2.314834
BDT 141.027774
BGN 1.964949
BHD 0.433991
BIF 3414.18599
BMD 1.149558
BND 1.470207
BOB 7.970482
BRL 6.017126
BSD 1.149357
BTN 106.012117
BWP 15.671644
BYN 3.423907
BYR 22531.328422
BZD 2.311641
CAD 1.573341
CDF 2603.747768
CHF 0.906288
CLF 0.026491
CLP 1046.005378
CNY 7.996609
CNH 7.923573
COP 4257.949753
CRC 539.842224
CUC 1.149558
CUP 30.463276
CVE 111.075975
CZK 24.455341
DJF 204.299564
DKK 7.472308
DOP 70.525208
DZD 152.070977
EGP 60.259119
ERN 17.243364
ETB 180.911604
FJD 2.544489
FKP 0.867846
GBP 0.86372
GEL 3.126595
GGP 0.867846
GHS 12.51293
GIP 0.867846
GMD 84.494185
GNF 10087.367912
GTQ 8.80948
GYD 240.586214
HKD 9.001093
HNL 30.54346
HRK 7.53374
HTG 150.639208
HUF 390.941602
IDR 19501.09466
ILS 3.589419
IMP 0.867846
INR 106.076517
IQD 1505.92042
IRR 1518623.031549
ISK 143.200349
JEP 0.867846
JMD 180.793508
JOD 0.815051
JPY 183.004388
KES 148.749321
KGS 100.528243
KHR 4619.499883
KMF 493.160304
KPW 1034.601807
KRW 1714.737502
KWD 0.352971
KYD 0.957739
KZT 555.010269
LAK 24686.749085
LBP 102984.32807
LKR 357.895771
LRD 210.656014
LSL 19.266793
LTL 3.394345
LVL 0.695356
LYD 7.368303
MAD 10.80013
MDL 19.99779
MGA 4776.411683
MKD 61.626292
MMK 2413.659739
MNT 4105.397681
MOP 9.269227
MRU 46.114513
MUR 53.730146
MVR 17.772616
MWK 1996.781613
MXN 20.349122
MYR 4.516039
MZN 73.469562
NAD 19.267225
NGN 1571.74444
NIO 42.212001
NOK 11.131183
NPR 169.626436
NZD 1.964706
OMR 0.441999
PAB 1.149367
PEN 3.941261
PGK 4.945974
PHP 68.697741
PKR 321.042684
PLN 4.265129
PYG 7459.809679
QAR 4.188126
RON 5.093117
RSD 117.412322
RUB 93.404853
RWF 1677.204498
SAR 4.313632
SBD 9.255847
SCR 16.038223
SDG 690.88424
SEK 10.746495
SGD 1.469888
SHP 0.862466
SLE 28.275548
SLL 24105.659962
SOS 656.973773
SRD 43.190599
STD 23793.520804
STN 24.830444
SVC 10.056964
SYP 127.054834
SZL 19.266787
THB 37.222575
TJS 11.033426
TMT 4.029199
TND 3.357813
TOP 2.767858
TRY 50.790212
TTD 7.794272
TWD 36.73957
TZS 2994.597374
UAH 50.668778
UGX 4339.162089
USD 1.149558
UYU 46.725587
UZS 13915.39409
VES 512.985756
VND 30221.868582
VUV 137.447144
WST 3.144287
XAF 656.738289
XAG 0.014209
XAU 0.000229
XCD 3.106737
XCG 2.071364
XDR 0.819094
XOF 661.569692
XPF 119.331742
YER 274.167096
ZAR 19.188978
ZMK 10347.394961
ZMW 22.382628
ZWL 370.157069
  • RBGPF

    0.1000

    82.5

    +0.12%

  • RYCEF

    -0.1500

    16.4

    -0.91%

  • RIO

    2.0300

    89.86

    +2.26%

  • AZN

    2.1100

    192.01

    +1.1%

  • BTI

    1.0100

    60.94

    +1.66%

  • CMSC

    0.0000

    22.99

    0%

  • BP

    0.2300

    42.9

    +0.54%

  • NGG

    -0.0100

    90.89

    -0.01%

  • GSK

    0.3800

    53.77

    +0.71%

  • RELX

    0.3300

    34.47

    +0.96%

  • BCE

    0.6521

    25.9

    +2.52%

  • JRI

    -0.0500

    12.54

    -0.4%

  • CMSD

    -0.0400

    22.95

    -0.17%

  • VOD

    0.1900

    14.6

    +1.3%

  • BCC

    1.7200

    71.72

    +2.4%

Ex-Volkswagen CEO denies charges in 'dieselgate' trial
Ex-Volkswagen CEO denies charges in 'dieselgate' trial / Photo: Ronny HARTMANN - AFP

Ex-Volkswagen CEO denies charges in 'dieselgate' trial

Former Volkswagen CEO Martin Winterkorn denied the charges against him as his "dieselgate" trial began, his lawyer said Tuesday, nine years after the scandal first plunged the German auto titan into crisis.

Text size:

The 77-year-old "rejects the accusations levelled against him", Felix Doerr told reporters at the court in the city of Braunschweig, close to VW's historic Wolfsburg headquarters.

The carmaker admitted in 2015 that it had installed software to rig emissions levels in millions of vehicles worldwide, setting off one of Germany's biggest post-war industrial scandals.

Winterkorn faces charges including fraud over the use of the so-called defeat devices, which made cars appear less polluting in lab tests than they were on the road, and could be jailed for up to 10 years if convicted.

He resigned as head of the VW group -- whose brands range from Porsche and Audi to Skoda and Seat -- shortly after the crisis began but previous attempts to bring him to trial had failed.

He was supposed to face court in 2021 alongside four other VW executives but proceedings against him were split off and postponed due to his poor health.

Upon arrival at the court in Braunschweig, Winterkorn told reporters he was doing "quite well".

Asked how he looked back on his life's work, Winterkorn replied: "When I see the beautiful cars, very fondly."

He briefly addressed the court at the start of the hearing to confirm his personal details, speaking slowly and leaning on a chair for support.

Questions about Winterkorn's health hang over the proceedings, with reports saying he had to undergo an operation in mid-June.

Some 89 hearings have been scheduled through September 2025.

But his lawyer Doerr said the defence team were confident he would be able to cope with the trial and they do not expect it will take until next year to wrap up the proceedings.

- Buyers 'deceived' -

Winterkorn faces several charges.

He has been accused of conspiracy to commit fraud, with the allegation based on the claim that buyers of some of the group's vehicles were "deceived about their characteristics" due to the use of defeat devices, according to the court.

The alleged fraud relates to about nine million vehicles sold in Europe and the United States, with the buyers facing financial losses running into hundreds of millions of euros, it said.

However, Winterkorn has not been accused of involvement in the offence for its entire period, which was from 2006 to 2015. He was VW chief executive from 2007 until 2015.

He has also been accused of giving false testimony to a German parliamentary committee in 2017 when it was investigating the scandal.

He said that he knew of the existence of the defeat devices only in September 2015 but prosecutors claim it was earlier.

Winterkorn further faces a charge of market manipulation.

He is alleged to have "deliberately failed to inform the capital market in good time" after finding out about the emissions-rigging software, in violation of German stock market regulations.

Winterkorn had already agreed a settlement with Volkswagen in 2021, under which he would pay the company 11 million euros ($12 million) in relation to the controversy.

Ahead of the trial, Volkswagen noted it was not party to the proceedings although it said that it would be monitoring them.

The highest-ranking former executive to have been convicted so far in the scandal is ex-Audi CEO Rupert Stadler.

In June last year, he received a suspended sentence and a fine as part of a deal in exchange for admitting to fraud by negligence.

The fraud has already cost VW more than 30 billion euros in fines, legal costs and compensation to car owners, mainly in the United States.

(Y.Berger--BBZ)