No Volkswagen crisis meeting on Tuesday: sources

Image
Reuters HAMBURG
Last Updated : Sep 23 2015 | 2:22 AM IST

HAMBURG (Reuters) - Volkswagen has not brought forward a meeting of senior supervisory board members to Tuesday evening from Wednesday, sources told Reuters, denying an earlier report by a German newspaper.

The Hannoversche Allgemeine Zeitung had reported that senior board members and members of top VW management were already meeting. Citing board sources, the paper said Chief Executive Martin Winterkorn had lost the support of major shareholders.

However, sources close to the VW supervisory board told Reuters the executive committee only planned to meet on Wednesday to discuss the emissions test scandal and the agenda of a full board meeting long scheduled for Friday.

Volkswagen was not immediately available to comment.

Winterkorn apologised earlier on Tuesday after the German carmaker admitted to cheating U.S. vehicles emissions tests and said 11 million of its cars could be affected worldwide.

(Reporting by Jan Schwartz, writing by Emma Thomasson; Editing by Dominic Evans)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 23 2015 | 2:01 AM IST

Next Story