hans, is matthias mueller clear of the scandal? ns: in some ways, porsche doesn't have a diesel problem. if you think the problem is focused on diesel, mueller isn't necessarily tainted by it. they have one diesel offering. in some ways, he has a bigger challenge. the entire european auto industry has a bigger challenge. behind me, you can see greenpeace. they have pinocchio. they are protesting. they are saying, no more lies. what they are saying is that the diesel scandal in the united states is just the tip of the iceberg. in some ways, you look at the body language and the pronouncements from her again later's and they are on the same page with greenpeace. the eu want to test everything. they are urging all countries to test. there's a report out in a spanish newspaper that 720,000 the a kohl's will be tested there. when i spoke with matthias mueller i asked him, is there a danger if regulators went too far? what would they do to the industry? challenge to .educe the co2 giveshould be careful to new orders. it's a huge challenge

markus: we saw a meeting wrapup and the board matthias mueller 62-year-old porsche chief executive, as the head of volkswagen. he will deal with the worst crisis in vw's 70 year history. american officials revealed that the carmaker has been reading rigging engines to cheat emissions test mueller said that volkswagen will strengthen its compliance with emissions rules to regain the trust of customers. >> personally, i will try to regain the trust of our clients and coworkers, partners, investors, and to reestablish transparency. we have to live up to our repose lily. -- repost lily. -- responsibility. speculation in the past 24 hours has focused on the porsche ceo. reporter: a football enthusiast, car lover, and a volkswagen product himself, 62-year-old matthias mueller emerged as a favor to take control of the company after martin winterkorn quit over and omissions cheating scandal. his first car was a beetle and he has worked at the group since the 1970's. after high school, he trained as beforemaker at audi completing a degree in information technology. he rejoined the company in 19

matthias mueller is taking over. his first job is to sort the scandal. >> of course, i will do everything to regain the confidence of our employees, customers, investors. and if the public. and of theany -- public. >> the company says only a small group of employees caused this damage and they are suspended pending an investigation. nearly 3 million vehicles, including vans, have been cheating omissions test test emissions -- cheating e-mail missions tests. >> it's about 2.8 million vehicles in the german market. >> back in america where the crisis started, environmental regulators now say they will check all diesel cars to see if they are using similar tactics. >> a volkswagen supervisory board meeting here at the world headquarters. a challenge, how deep of a whole? >> he gives you an idea of the of the crisis. >> reporters from around the world. more global television here. the american networks. at the bottom, the television cameras from germany. >> vw could not have worse publicity if it tried. just listen to on

so matthias mueller, if he is in fact confirmed, what does he face here?of the investigations, how many investigations are we talking about now? the fines, what that number is now? give me be state of it. we have heard now from a couple of other jurisdictions, the bbc is reporting that the u.k. is reporting having their on diesel fleets. we heard something similar out of spain. here, they are talking about criminal proceedings. the company has pledged to work with prosecutors to accelerate this process to get to the bottom of it. also heard from the key labor leader here on the volkswagen board saying that they want to minimize job losses. of,000 employees at the end 2013 -- 2014. nearly half are here in germany, it is an orton part of the economy. that leaders are concerned this may lead to job losses. betty: thank you so much, hans nichols in germany. miller,o bring in matt who spoke to the former president of -- matt: the reason he came on with me this morning was to talk about forward pass new super duty truck. the 150 inp above toughness, in hauling c

matthias mueller gets a lot of attention and there's speculation he will take over as ceo. he is the current head of the porsche brand. the reason that he might be picked porsche se basically the holding group for porsche, they hold the vast majority of the shareholder votes within volkswagen. there's a lot of influence there. >> remember, winterkorn was going after the peach family. got the peach family out of there. there's no doubt this is a bit of a soap opera. >> i'll tell you one thing and something phil that is evidence from our response from viewers almost immediately. this is doing very little to raise confidence in corporate behavior whether it's intentional or not after bp, people now thinking back to enron, madoff, worldcom. in this case it's not u.s.-based, but depending how this turns out, it's going to be another black eye for business, global business, you could argue? >> it's funny you mention bp. who has volkswagen retained as legal counsel? the law firm that represented bp because of all of the issues happening down in the gulf of mexico and the oil spill

matthias mueller is taking the helm.all street journal is saying the former chief executive of rsche will tell people he vows to get to the bottom of the scandal as decisively as possible. >> this is really interesting, susan. the ecb is no longer including loans backed by volkswagen financial assets. quick look at shares in vw and they're down once again after recovering a little bit of ground at the back of last week. volkswagen shares off by 5.63%. in the last hour volkswagen has suspended the research and development heads of vw passenger cars, audi and porsche. >>> moving on, the u.k.'s labour's party. controversial chancellor is taking center stage when he will deliver a, quote, new economics. let's get back tout wolf who is in brighton. wolf? >> reporter: carolin, thank you very much. yes, indeed. we're getting closer to the keynote address from john mcdonnell at lunchtime today. there are more questions than answers. people will be looking to get clarity from him. the rail ways are going to be the first sectors t

matthias mueller knows the company well as the former head of volkswagen's porsche division.s a tough job ahead. >>> welcome aboard your own private jetta. >> reporter: volkswagen appointing a new captain to pilot through a turbo-charged crisis. >> translator: i am sure that we will manage this crisis. >> reporter: matthias mueller faces the enormous task of steering volkswagen through an emissions cheating scandal that's spread from the u.s. to europe. he's spent his entire career in the volkswagen family. he started as an apprentice tool maker at audi and rose to become the head of porsche. >> mueller is well respected. he's gained massive gains during his tenure. >> reporter: the promotion comes as germany's ministry of transport confirmed that volkswagen's manipulated emissions on 2.8 million diesel vehicles in germany. he called the manipulation forbidden and illegal. just days ago, v.w.'s ceo resigned over the crisis. several people have been suspended, and more heads are expected to roll. now volkswagen may change its ceo, it can axe executives. here's the big challeng

daniel: unconfirmed reports say much he is militant is to take over the top job -- matthias mueller is to take over the top job. he's the current ceo at porsche. >> the joy of victory. a team of 911 racing cars won le mans this year. the former ceo of volkswagen has knn mueller for a long time. in the last few years, they have both help seats on the vw board. the new fuel-efficient models -- a few weeks a, he also unveiled an electric porsche. this is what we mean by it. electric sports car. it must have a range of at least 500 kilometers. the carmaker's and earnings have been excellent for years. worldwide, 20,000 employees generated about two point 2 billion euros' profit last year. based on the number of employees,orsc is the most profitable automaker in the world. in the past, mueller was vague when asked if he could replace the vw ceo. >> all i can say is i have a i've-year contract, and i will honor it. >> he faces many challenges. above all, he must bring the automaker back on track and regain consumer trust. >> european union environmental activists have it criticizing emission

they picked matthias mueller who is the head of the porsche division and he says he will make big changeslkswagen's management. a class action lawsuit filed on behalf of two customers says volkswagen faultsly used tests -- falsely done tests on alternative fuels. ktvu's tom vacar talked to the continues involved -- to the attorneys involved. >> reporter: they are saying the information they ever could lead to -- they have could lead to the smoking gun. >> reporter: they make alternative fuels. they make alternative diesel out of sugar cane. the lawyers allege volkswagen used those test results to brag about how clean and green and well performing volkswagen diesels are but they had the alternative fuels reviewed by experts and did not mention this while bragging. >> when they are looking at the data from those tests it concludes that the emissions, the heart of this cover up, were found to exceed epa standards by a factor of 15 to 35 times what was permitted under the epa. >> reporter: if they were able to fool the environmental protection agency as it did and the california air resources

erik: can we raise another question about matthias mueller. why promote from within when it seems like the whole culture is so tainted by the width of the scandal? >> they have got to believe it is only a whiff. the air will blow clean. and it will all go away. have promoted very much from within. -- who came from bmw. bmw had a scare today where there was a report saying they had a diesel car that tested worse on the road. that has since been retracted in the shares have rebounded. but it's just, it's who they have. it could be very challenging for them to bring in a transplant executive. whatith mueller, i think jeffrey is saying, you sort of have the best of both worlds. someone inside but coming from an independent unit within volkswagen. honestly, one that has been willing to break with their traditions. they added sport-utility vehicles and smaller sport-utility vehicles. very lucrative for them. so maybe there is something to be learned there. i'm not saying we will see a pick up any time soon, but they might be willing to do things a l

matthias mueller. this week can be more crucial as the company gets set to announce how many vehicles were affected and the fix for the software. how they will technically fix the software for the defeat advice. they want this fixed by october 7th or else they could face additional files. the pressure is building on vw. so many promises of restoring trust and getting back to business. they now need to put forward a concise plan. we could expect to see -- we're told last week on friday we would get the names of these r and d chiefs from porsche and audi, now they're saying volkswagen as well. we're awaiting the official word to see what other personnel are in store. i can't stress enough that the feeling on the ground in germany is that volkswagen has nobody else to blame but itself. if you just take a look at the cover of the magazine out over the weekend. quite clearly it reads, the suicide. in a very poignant image the paul bearers have american flags on their jackets pointing home that this was unco

this as matthias mueller is expected to be named new ceo. he is part of the deciding board and family that own the majority of vw voting rights. meanwhile, california is getting ready to take action against volkswagen after the car admitted to rigging it's air test. they issued a recall in the state in a bid to calm authorities suspicions. let's get out to nancy outside of volkswagen headquaters in germany. even a wider shake up is expected today. >> that's right. a lot of focus is on the announcement for the new ceo today when the supervisory board meets. they're expected to announce that the porsche ceo will take over the top position. who will follow the former ceo out the door and a lot of reports seem to suggest that the rnd chiefs of porche and audi could be following out as well. and you may remember on monday michael horn is at a party for volkswagen in new york. he said the only way you could put it is volkswagen screwed up but it does not appear that brutal honesty is going to be at this stage. they announce how far they intend to

today that he pointed a new ceo, matthias mueller. the former ceo of porsche.t, julie watts, kpix 5. >>> coming up in our next half- hour, a bombshell from the u.s. house speaker. john boehner stepping down. why it could mean a big opportunity for one california lawmaker. >> a busy day for pope francis in new york. addressing dignitaries saying mass for thousands. but why it's the little things that the pontiff may be enjoyin the most. >> a northern,, >>> our top stories tonight, no injuries to report after a caltrain slammed into two cars at the broadway crossing in burlingame. we're told both cars were unoccupied but right now, it is unclear what they were doing on the tracks. >>> samtrans is providing a bus bridge as the investigation continues. >>> money and time are running out for the sonoma developmental center. the state's largest long-term care facility for developmentally disabled adults is shutting down because of federal funding cuts. the state will have three years to relocate its 400 residents. >>> a family from fremont was among those injured in

. >>> a few days after the resignation of its ceo volkswagen's board tapped matthias mueller to be the company's new chief executive. mueller is a long time company insider who led the porsche sports brand and he said he'll do everything he can to win back the public's trust in the wake of the emissions cheating scandal involving 11 million diesel vehicles. volkswagen says it's even going to reorganize its north america business division. >>> hyundai is recalling nearly half a million sonata sedans. a manufacturing problem can cause the engine to stall out in the 2011 and 2012 models. the car company says there are no reports of crashes or injuries from the problem. >>> and netflix just sealed a deal with oculus and samsung to offer 3d streaming. soon you'll be able to wear a virtual reality headset and binge watch everything in the netflix library. the headsets will cost about $99. >>> don't have weekend plans just yet? >> not yet. how about checking out some great live music while helping to restore the national mall. money raised by this weekend's landmark music festival for the nat

has resigned, and today, matthias mueller, who now runs v.w.'e unit, was named the company's new c.e.o. california today re-imposed the united states' toughest carbon emission standard. it mandates cutting transportation fuel emissions by 10% within five years. and it counts the pollution generated by producing the fuel as well as by driving. the issue's been on hold since 2009 because of legal challenges. and on wall street, stocks had an up and down day. the dow jones industrial average gained 113 points to close near 16,315. the nasdaq fell 48 points and the s&p 500 slipped one point. for the week, the dow lost a fraction of a percent, the nasdaq fell nearly 3% and the s&p shed 1.5%. still to come on the newshour: what speaker boehner's resignation means for the future of congress, pope francis' call for peace and justice at the u.n., climate and cybersecurity top china's president's visit to the white house, shields and brooks analyze the week's news and much more. we return now to the resignation of house speaker john boehner and how it's s

matthias mueller is the odds on favorite. what we're hearing from officials, we heard from the premier of lower saxony. he made it clear that he thinks a, this needs to be dealt with swiftly. he's talking about the criminal side of things, which volkswagen agreed to last night. then, is it a first step of many steps? the premier was indicating he thinks it is the first up. this community, this country is bracing for a long struggle. guy: hans nichols live outside volkswagen's headquarters. we're joined for more analysis by theahead of global automotive research and new energy finance. let me first of all start with her. do you favor any of those particular candidates? >> i think they are both, very very very good. mueller is an excellent executor. he would probably be very well positioned at the top of the group. he knows the company very well. that is a great team coming up. guy: is that a permanent team? is that the final running order we would have? or is this a panic reaction? we need to make changes. in a couple years ti

michael: the german newspaper said earlier today that the ceo will be replaced by the push ahead, matthias muellerculous. we do not have independent confirmation of the status at vw. the stock remains down about 20% on the day. it has now risen to the level of the german duck -- the german government. urging vw to show total transparency. she says she hopes the facts will be put on the table quickly. called thebably be national champion in germany as the biggest car company. you canaggregate all across different news sources, including bloomberg. joining us in studio, the breaking news. here is william maloney. are you going to change her headlines at the end of the report? >> it is back-and-forth all day long. good morning. declines in france and germany as the full slag and fallout continues. it fits between 50 and the 200 day moving average. watch the nasdaq today. yesterday, they fell 4.4%. , estimate two.ex two publicly traded companies thereafter the last night, shares fell 17% yesterday. hat estimates. autozone be general mills and estimates were mixed. dupont raised a buy at citigroup star