New Volkswagen CEO Vows To Win Back Trust

Volkswagen has named Porsche chief Matthias Mueller as its new boss as the German carmaker deals with an emissions scandal.

Mr Mueller replaces Martin Winterkorn, who resigned this week after it was revealed VW had fitted millions of cars and vans with software that allowed them to falsely pass emissions tests.
The new CEO said his priority is winning back the trust that has been lost in the company after the scandal.
"Under my leadership, Volkswagen will do all it can to develop and implement the strictest compliance and governance standards in the whole industry," he vowed after being appointed by the company's board.
Speaking at VW headquarters in the German city of Wolfsburg, Mr Mueller said the company faces "unprecedented challenges" but added he had confidence going into his new role.

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He pledged to make Volkswagen "an even stronger company".
Porsche is owned by VW, and Mr Mueller, 62, has worked for parts of the group for almost four decades.
Volkswagen offered few new details on Friday on the fallout from the scandal.
It said a number of employees had been put on leave until the details of the emissions cheating were cleared up.
It also said it would shrink its management board and get rid of the position of production chief.

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Mr Mueller's appointment came as Germany's transport minister announced VW had manipulated test results for about 2.8 million vehicles in the country - pointing to cheating on a bigger scale than previously thought.
The UK Government has begun its own investigation into the use of rigged data, which could see all diesel cars in Britain re-tested.
Details of the 11 million cars fitted with the software are also set to be released in the next day or two, which will tell drivers of diesel VWs, Audis, Skodas or Seats whether their vehicle could be recalled.
And in the US, the Justice Department said it is taking the allegations against the company "very seriously" and announced an investigation.
The scandal, the biggest to hit VW, has damaged the company's reputation and shocked Germany.

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Acting chairman Berthold Huber used strong language as he issued an apology to customers, authorities and investors.
"I want to be very clear, the manipulation of tests for diesel engines is a moral and political disaster," he said.
Mr Winterkorn, who had been CEO since 2007 until his resignation on Wednesday, said he took responsibility for the "irregularities", but insisted he had personally done nothing wrong.