Members of the Porsche-Piech clan that controls Volkswagen (VOWG_p.DE) will no longer be eligible to serve as executives of the carmaker, Porsche Automobil Holding SE (PSHG_p.DE) Chairman Wolfgang Porsche told a German newspaper.
By cooperating with federal investigators and quickly agreeing to compensate car owners, Volkswagen likely will avoid a massive criminal fine for cheating on diesel emissions tests and trying to cover it up.