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Audi Board to Discuss Diesel Scandal Raids, CEO’s Conduct
Audi AG’s supervisor board plans to meet on March 29 to question senior managers about last week’s diesel scandal-related raids by prosecutors of the company’s offices and factories, sources tell Reuters.
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Audi AG’s supervisor board plans to meet on March 29 to question senior managers about last week’s diesel scandal-related raids by prosecutors of the company’s offices and factories, sources tell Reuters.
The 20-member board also intends to discuss whether CEO Rupert Stadler (pictured) has handled the crisis properly before recommending that shareholders endorse his actions, Reuters says. The carmaker’s annual stockholder meeting is set for May 18.
Audi has acknowledged that its 3.0-liter V-6 diesels were equipped with what U.S. regulators consider an illegal emission control cutout device. The disclosure followed the admission by Audi parent Volkswagen Group in September 2015 that it had rigged 11 million 4-cylinder diesels to evade emission tests.
A persistent question by prosecutors in both cases is when senior management learned of the cheating. Reuters notes that Audi’s supervisory board did not pass a resolution last month to clear Stadler of involvement in the scandal.
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