Volkswagen Ousts US CEO Michael Horn As Purge Continues

Michael Horn, CEO of Volkswagen Group of America, is leaving the company six months after the German automaker admitted to rigging U.S. diesel emissions tests.

Horn, 54, is departing “by mutual agreement” to pursue other interests, effective immediately, VW said in a statement late Wednesday.

He will be replaced on an interim basis by Hinrich Woebcken, who on April 1 will take over as head of VW’s North American region.
 

PUGPROUD - 3/10/2016 1:47:51 PM

+1 Boost

Did someone say something about rats leaving a sinking ship? Can you imagine having to choose between keeping your pension and severance by remaining silent versus getting immunity and testifying against others.