#VWGate - Volkswagen Warned Not To Fix Test Results

Winterkorn

Despite Volkswagen's Board ongoing claims that they knew nothing about the company's emission test fraud, Reuters reports that Volkswagen's own staff and one of its suppliers warned years ago about software designed to thwart emissions tests.

VW technicians had warned about illegal emissions practices in 2011. No explanation was given as to why the matter was not addressed then.

Separately, Bild am Sonntag newspaper said VW's internal probe had turned up a letter from parts supplier Bosch written in 2007 that also warned against the possible illegal use of Bosch-supplied software technology.

Cynics might ponder that the denials by board may have something to do with the fact the Winterkorn, and his soon to depart cronies all want to leave with their pensions and annual company car allowances intact.

#VWGate - Ignorance Is Bliss for Winterkorn

Martin Winterkorn

Those of you who worry about the future of Martin Winterkorn, now that he has been forced to quite as CEO of Volkswagen, should not fret.

Thanks to the fact that he "knew nothing" about Volkswagen's global emissions fraud, he will be entitled to walk away with a pension pot of around $32M. Also, and remember German's don't do irony, he will be entitled to a new company car every year!

Ignorance truly is bliss, for if he had known about the fraud (or the Board had admitted that he had known about the fraud) he would have been entitled opt none of the above.

Do remember that some/all of those board members who have allowed him the bliss of ignorance, will themselves soon be leaving with fat exit packages.

There's irony for you!