VW's new CEO Mueller vows action to emerge from emission scandal

September 26, 2015 7:05 AM

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VW's new CEO Mueller vows action to emerge from emission scandal

The company's supervisory board emerged from a seven-hour meeting Friday to present Mueller as the successor to Martin Winterkorn, who quit Wednesday as the scandal reverberated around the globe and the company lost more than $22.4 billion in market value in two days. Mueller, who previously led the Porsche sports-car brand, said Volkswagen faces "unprecedented challenges."

"My most urgent task is to win back trust for the Volkswagen Group, by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation," Mueller said Friday. "Under my leadership, Volkswagen will do everything it can to develop and impleme...

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