VW terminates CEO's contract
Volkswagen has terminated Audi chief executive Rupert Stadler’s contract against the backdrop of a criminal investigation into whether he was involved in emissions cheating.
German prosecutors are investigating Stadler and another member of Audi’s senior management for suspected fraud and false advertising related to illegal emissions by its cars and manipulation of vehicle tests, reports Reuters.
The departure of Stadler came as the German government presented a plan to cut pollution from diesel vehicles in the country’s continuing efforts to negotiate the aftermath of the VW emissions scandal that came to light three years ago.
"Stadler is leaving his posts as management board member of the Volkswagen group and as CEO of Audi with immediate effect," said VW in a statement.
Sales executive Bram Schot is acting as an interim replacement.
“Stadler is (leaving) because, due to his ongoing pre-trial detention, he is unable to fulfil his duties as a member of the management board and wishes to concentrate on his defence,” added VW.