• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Three more bosses go at Volkswagen

By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
September 24, 2015, 9:08 AM ET
<h1>10. Martin Winterkorn: Volkswagen</h1>
What, me worry? <a href="http://money.cnn.com/gallery/autos/2012/11/28/automaker-family-control.fortune/index.html" title="">VW AG chairman Winterkorn</a> has a brand-new Golf to sell while he waits out the restructuring of Europe's less fortunate automakers that he believes is just around the corner: "We can see some light at the end of the tunnel" in 2014 and 2015. Meanwhile, VW can make hay in other markets where it is either on the rise or on top: China, the U.S., and Brazil.
<h1>10. Martin Winterkorn: Volkswagen</h1> What, me worry? <a href="http://money.cnn.com/gallery/autos/2012/11/28/automaker-family-control.fortune/index.html" title="">VW AG chairman Winterkorn</a> has a brand-new Golf to sell while he waits out the restructuring of Europe's less fortunate automakers that he believes is just around the corner: "We can see some light at the end of the tunnel" in 2014 and 2015. Meanwhile, VW can make hay in other markets where it is either on the rise or on top: China, the U.S., and Brazil.Photograph by Maurizio Gambarini—AFP/Getty Images

Three more senior executives at Volkswagen AG (VLKPY) are clearing their desks.

Wolfgang Hatz, the head of research and development at the group’s Porsche unit, and Ulrich Hackenberg, board member responsible for technical development at Audi, will both leave the company as it tries to contain the scandal engulfing it, according to a report by the mass-circulation daily Bild-Zeitung.

Separately, Der Spiegel reported that Hans-Jakcob Neusser, head of development at the VW brand since 2013, will also leave.

They follow group CEO Martin Winterkorn, who quit already on Wednesday while denying any knowledge that the group had doctored tests measuring its diesel vehicles’ emissions over a number a years.

The three are long-time company insiders who had responsibility for technical issues at the time that the company installed the ‘defeat devices’ into the software in its cars, according to Bild and Spiegel.

As reported, the Environmental Protection Agency found that the cars’ software was configured to give deceptively low emissions readings while being tested in lab conditions, but to switch back into a mode that released many more times than the legal limit of harmful emissions on the open road.

None of the three rumored victims is a member of the group management board, leaving Winterkorn (who had overall responsibility for technical issues at the group level) the only one of the company’s most senior managers to lose his job so far.

 

About the Author
By Geoffrey Smith
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

NewslettersCEO Daily
Rishi Sunak tells CEOs to move fast on AI—or risk landing on the wrong side of the K-shaped economy
By Kamal AhmedMarch 26, 2026
18 minutes ago
Personal FinanceCertificates of Deposit (CDs)
Top CD rates today, March 26, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganMarch 26, 2026
24 minutes ago
Personal FinanceSavings accounts
Today’s top high-yield savings rates: Up to 5.00% on March 26, 2026
By Glen Luke FlanaganMarch 26, 2026
24 minutes ago
MagazineInvestment
Should you trust AI to manage your money? The finance industry is betting you will
By Jeff John RobertsMarch 26, 2026
25 minutes ago
jay-z
Arts & EntertainmentBillionaires
From ‘Hard Knock Life’ to $2.8 billion, Jay-Z calls billionaire hate ‘a cop-out’ even as 1 in 5 Americans say it’s ‘morally wrong’ to be that rich
By Jake AngeloMarch 26, 2026
55 minutes ago
broker
BankingWall Street
Wall Street bonuses hit an all-time record in 2025 — but the outlook for 2026 is already darkening
By Nick LichtenbergMarch 26, 2026
1 hour ago

Most Popular

Magazine
The youngest-ever female CEO of a Fortune 500 company is fighting Trump's cuts to keep Medicaid strong
By Fortune EditorsMarch 24, 2026
2 days ago
Success
Palantir’s billionaire CEO says only two kinds of people will succeed in the AI era: trade workers — ‘or you’re neurodivergent’
By Fortune EditorsMarch 24, 2026
2 days ago
Commentary
The Treasury just declared the U.S. insolvent. The media missed it
By Fortune EditorsMarch 23, 2026
3 days ago
Success
JPMorgan’s Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
By Fortune EditorsMarch 25, 2026
19 hours ago
Success
The job market is so bad that ‘reverse recruiters’ are charging $1,500 a month just to help people look for jobs
By Fortune EditorsMarch 25, 2026
1 day ago
C-Suite
'I didn’t want anybody shooting me': Five Guys CEO gave away $1.5 million bonus to employees over botched BOGO burger birthday celebration
By Fortune EditorsMarch 25, 2026
15 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.