VW's top US executive stepping down

Volkswagen's top US executive Michael Horn is stepping down immediately, six months after the emissions scandal rocked the company.

Volkswagen of America CEO Michael Horn

Volkswagen's top US executive Michael Horn is stepping down six months after the emissions scandal. (AAP)

Volkswagen's top US executive is stepping down nearly six months after the German carmaker admitted to installing software to allow 580,000 US diesel vehicles to emit excess emissions.

Michael Horn, who has been president and chief executive officer of Volkswagen of America since 2014, is leaving "to pursue other opportunities effective immediately", the company said.

The German carmaker said on an interim basis, Hinrich J. Woebcken, who was recently named the new head of the North American Region and chairman of Volkswagen Group of America, will assume Horn's role.

Horn's departure comes as VW continues to negotiate with California, the Justice Department and California on possible fixes or buybacks for the diesel vehicles.


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Source: AAP



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