1999 Volkswagen Passat, No Reserve on 2040-cars

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Winterkorn remains CEO of Volkswagen's majority shareholder

Martin Winterkorn may have stepped down as the chief executive of Volkswagen in the wake of the diesel emissions scandal, but he's not out from under the company's large umbrella just yet. In fact, according to a report from Reuters, he still holds four top-level positions not only within the industrial giant's bureaucracy, but at the top of it. And one of those is as CEO of the company's largest shareholder. That holding company is Porsche SE, the investment arm of the Piech and Porsche families (Ferdinand Porsche's descendants) which holds over 50 percent of VW's shares. In 2008, Porsche SE acquired majority interest in the Volkswagen Group which in turn acquired Porsche the automaker – and placed VW's Winterkorn at the head of the executive board of the holding company. Though Winterkorn has resigned from his position as chairman of VW's management board, he has apparently yet to step down from running Porsche SE. That's not the only job that Winterkorn still retains in VW's senior management. He also continues to serve as chairman of Audi, as well as truck manufacturer Scania, and the new Truck & Bus GmbH into which Scania has been grouped together with Man. It remains unclear if or when Winterkorn might resign from those positions as well, or how his tenure in those posts might affect the company's effort to start over in the aftermath of the scandal in which it is currently embroiled. Also unclear, Reuters reports, is how much, exactly, Winterkorn will receive in compensation after having stepped down from his chair at the head of the VW executive board. His pension is reported at over $30 million, but he could be awarded a large severance package as well amounting to as much as two years' worth of his annual compensation, which amounted to around $18 million last year. Whether he receives the severance pay or not is expected to depend on whether his resignation is considered by the supervisory board to have been the result of his own missteps or independent of the situation that resulted in his resignation. One way or another, he's not likely to go poor anytime soon.

Porsche 911 Carrera 4, Alfa Romeo Giulia Quadrifoglio and a chat with Jean Jennings | Autoblog Podcast #626

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Road Test Editor Zac Palmer, Associate Editor Byron Hurd and special guest Jean Jennings. The gang kicks off with a discussion about the cars they've been driving — 2020 Porsche 911 Carrera 4, 2020 Alfa Romeo Giulia Quadrifoglio and the 2020 VW Tiguan. They shift gears to talk about the latest news gleaned from a press conference concerning the 2021 Supra, then, they reach into the mailbag to help a listener buy a performance car. Lastly, Greg has a chat with special guest Jean Jennings. Autoblog Podcast #626 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving 2020 Porsche 911 Carrera 4 2020 Alfa Romeo Giulia Quadrifoglio 2020 Volkswagen Tiguan R-Line 2021 Toyota Supra news Spend My Money Jean Jennings interview Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

2016 VW Passat starts at $23,260

With the recent reveal of the 2016 Volkswagen Passat, VW has shown a refusal to let the company's diesel-emissions scandal keep it from launching updated models in the US. When the sheet came off, the company told us that the refreshed sedan would start at $23,260, after the $820 destination charge on all versions. Now, we're getting the pricing details for the entire revised lineup. On all but the very top model, buyers get a 1.8 TSI turbo four-cylinder with 170 horsepower and 184 pound-feet of torque and six-speed automatic transmission. The base Passat S offers that combo for the same price as last year, but VW claims $1,315 in extra equipment is now included, like a five-inch MIB II infotainment system and automatic post-collision braking system. An optional LED lighting package runs $1,245 on the S, but prices differ on other levels. Pricing has not been released for the 2016 Passat TDI. That model needs a fix for its emissions cheating software before it can be certified by the EPA, and go on sale. Jumping to the Passat R-Line for $24,975 gets buyers black accents on the front bumper, 19-inch wheels and a tweaked rear diffuser. Another $775 adds the R-Line comfort package with a power driver's seat, heated front chairs, leatherette upholstery, and heat for the exterior mirrors and washer nozzles. Paying $27,100 for the Passat SE includes amenities like 17-inch wheels, a sunroof, 6.3-inch MIB II system, and adaptive cruise control. In addition, there's the SE with Technology for $29,230 with a blind-spot monitoring, push-button start, rear-traffic alert, navigation, rain-sensing wipers, and an auto-dimming rearview mirror. The next step up is the SEL for $31,315 with a plethora of extra luxuries. It gets 18-inch wheels, an upgraded Fender stereo, Vienna leather seats, power front chairs, and a rear pass-through. Sitting at the top of the range is the SEL Premium for $35,090. This trim has even more tech, including lane departure warning with active steering, active blind-spot monitor, front and rear park-distance control, and parking steering assistant. The LED lights are standard, as well. Plus, for $37,655 buyers can get the V6 SEL Premium with a 3.6-liter VR6. It makes 280 hp and 258 lb-ft and is linked to a six-speed DSG. Getting the bigger engine also adds dual trapezoidal chrome exhaust tips and Hill Hold Control.