With the massive, ongoing scandal over allegations of its vehicles being programmed to cheat emission tests, Volkswagen CEO Martin Winterkorn's days as the head of one of the world's largest automaker seem numbered. With the company's stocks plummeting - as HNGN previously reported - and other countries demanding an investigation of their own, Winterkorn's empire seems to be on the verge of collapsing.
The fate of the disgraced CEO will be decided on Friday, when a meeting of the company's board members will be called to discuss the ongoing crisis. The agenda will include whether Winterkorn should step down or not, reports MSN Money.
So far, the possible, ideal replacement for the CEO of Volkswagen is Matthias Mueller, who is currently the head of Porsche. The plan, however, has been denied by a Volkswagen spokesman, instead stating that Winterkorn will be releasing a video statement soon.
Until the revelation of the company's deception, Winterkorn's future was all but set, with the company not only making the practical vehicles that made Volkswagen world-renowned, but also exotic from brands like Porsche and Lamborghini, as well as luxury cars like Bentley and Bugatti, according to The Economic Times.
Just two weeks ago, a steering committee of the company's board unanimously voted to extend Winterkorn's mandate, which was set to conclude next year, to 2018. With the scandal, however, his departure might just be that much faster.
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