Stock Groups

VW culture to blame for silence over emissions scandal, ex-manager says in trial By Reuters

[ad_1]

© Reuters. FILEPHOTO: A VW logo was seen at the location of the initial hearing against VW regarding the diesel emissions cheating scam, held at the Higher Regional Court Braunschweig on September 30, 2019. REUTERS/Michele Tantussi//File Photo/File Photo

BRAUNSCHWEIG (Reuters) – A former Volkswagen (DE:) manager, who is on trial over the carmaker’s emissions-cheating scandal, blamed company culture on Thursday for his and others’ silence on the matter, but said he would have acted differently had he known the consequences.

Hanno Jelden is the accused and was responsible for the creation of illegal software.

Jelden stated that he had told superiors about the software which prompted the so-called “Dieselgate.” scandal but was forced to remain silent.

Volkswagen admitted to deceiving U.S. diesel engine test results in 2015, causing the worst crisis Volkswagen has ever faced. It also cost Volkswagen over 32 billion Euros ($37.7 Billion).

“I never made a secret out of this function [of the software],” Jelden said in a courtroom in the city of Braunschweig, where the trial is being held. If I’d known what legal consequences it could have, this would not have happened.

Jelden defended the company’s claim that the software which eventually disabled the vehicle’s emissions filter had been designed to lower engine noise.

Jelden stated that the function was designed to enhance the car’s acoustics and called the approval of the function “a huge mistake.”

According to Braunschweig Prosecutors, the trial began Thursday and included four former and current Volkswagen engineers and managers. They were accused of trying to maximize profits and their performance bonuses while failing to bring up the matter.

According to judicial sources, the defendants claim that they didn’t know or were aware of the manipulation.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are instead provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]