Volkswagen boss Herbert Diess under investigation for market manipulation

Monday, June 20th, 2016 - autos, cars, motoring, news

Source : Volkswagen boss Herbert Diess under investigation for market manipulation

Martin Winterkorn

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Martin Winterkorn can be also under investigation

Volkswagen brand Diess coach as well as former President Martin Winterkorn for under investigation by the German public prosecutor’s Office on whether they should have warned of the potential financial losses related emissions scandal earlier than they did

current Volkswagen coach Herbert Diess can be under investigation by German authorities on suspicion of market manipulation scandal inside the company’s emissions, according to multiple reports inside the German media.

earlier inside the day, that will was confirmed that will the former Volkswagen was being researched Group CEO Martin Winterkorn in This particular regard, with another Unnamed people, understood to be a member of the current Council , also implicated. that will right now appears that will a person can be Diess.

The prosecutor’s office in Brunswick, Germany, which can be also responsible for some other investigations of VW, said that will the company had warned of a potential financial losses related to the scandal earlier to do so.

Volkswagen has publicly admitted in September 22, 2015 that will that will had installed the software in diesel cars that will evade emission testing in order to meet the claims of the economy in fuel consumption. However, these results indicate that will another internal documents may reveal Winterkorn known about for more than a year before This particular date .

Hans Dieter Poetisch, the current head of Volkswagen, who was a finance company, said the office, said the prosecutor’s office. His boss at the time, as well as can be not under investigation

This particular investigation can be the result of a complaint through the financial control of the Federal Financial Supervisory Authority in Germany.

She added that will Winterkorn as well as exec then unnamed faces a sentence of up to a few years in prison or a fine if charged.

Autocar waiting for a response through Volkswagen in This particular regard.

last week Volkswagen announced that will his group “2025 strategy” , stating its intention to build between two as well as three million cars powered by electricity only by 2025.

Volkswagen Passat as well as call the Passat CC to begin inside the United Kingdom

opinion: Volkswagen in big trouble – as well as scandal emissions are not affected seriously

the British government Volkswagen confirms maker of the only cars to use a cheat device emissions

by by Autocar RSS



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