German prosecutors working on the Volkswagen Group “Dieselgate” scandal have done the unprecedented: they have arrested and jailed the seated CEO of a major automaker. The rationale the authorities gave was that while monitoring Audi CEO Rupert Stadler’s phone, there were suspicions that he might be attempting to cover up evidence of emissions cheating on an operational level. While this is not entirely unexpected, considering Group board member Wolfgang Hatz has been jailed for over half a year with no trial date, it is certainly disruptive to business. Audi has set in place Abraham Schot, Audi board member for sales and marketing, as interim CEO, where he is expected to continue being pragmatic and similar to Stadler in leadership style. The Volkswagen Group diesel-emissions scandal has reached a climax. In an unprecedented move by prosecutors in Munich on Monday, Audi CEO Rupert Stadler was jailed. Prosecutors had monitored his phone and suspected that Stadler was attempting to “obfuscate” the investigation into alleged cheating devices fitted on some Audi models. They claim that Stadler had received an email in late 2015, months after the scandal broke, that hinted at manipulated exhaust systems. Not stopping their sale immediately, the prosecutors allege, amounted to fraud. Hauling an acting CEO off to jail is the maximum possible disruption the prosecutors could have inflicted on Audi. Stadler may be set free within days; however, there is no guarantee. Former Volkswagen Group board member Wolfgang Hatz has been jailed for over eight months now—without a trial date. Click Here to Read More
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