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Volkswagen CEO Faces Board Showdown as Diesel Scandal Widens

  • Porsche and VW brand chiefs seen as possible replacements
  • German government putting pressure on carmaker to move quickly
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VW Diesel Scandal Widens as CEO Heads for Board Showdown

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Volkswagen AG Chief Executive Officer Martin Winterkorn will get a chance to make his case before the executive committee of the automaker’s supervisory board on Wednesday in a scandal over rigged diesel engines that’s wiped out about one-third of the company’s value.

A critical point in the discussion will be what Winterkorn knew about a scheme intended to dupe regulators and consumers about emissions of diesel engines installed in 11 million cars worldwide, according to a person familiar with the matter who asked not to be identified because the talks are private.