By on February 23, 2017

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Politicians from Volkswagen’s home region of Lower Saxony are raising questions over the unanticipated departure of the German automaker’s compliance chief, Christine Hohmann-Dennhardt, saying they have concerns over how the supervisory board handled the matter. There has been a long-standing apprehension among investors and business analysts that VW is too tightly controlled by its founding Porsche-Piech family and incapable of amelioration.

On Wednesday, Deutsche lawmakers called for a formal inquiry on the matter.

Hohmann-Dennhardt was brought aboard very late in 2015 to assist in Volkswagen’s reformation following the diesel emissions cheating scandal. However last month, after only a year on the job, she left abruptly with a sizable pension and gargantuan severance. (Read More…)

By on January 31, 2017

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Christine Hohmann-Dennhardt, Volkswagen’s outgoing compliance chief, will receive at least $12 million for her time with the company — with the possibility for as much as $16.1 million (15 million euros). Hohmann-Dennhardt, who was brought on to get VW through its messy emissions crisis, was canned by the automaker last week. The company attributed the “amicable” split to a “disagreement in the understanding of responsibilities and future operating structures within the function she leads.”

New reports indicate that a central aspect of those disagreements involved Volkswagen’s upper management attempting to stop Hohmann-Dennhardt from exposing any additional information on how the emissions scandal transpired.  (Read More…)

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