- Title: German prosecutors indict top VW bosses over emissions scandal
- Date: 24th September 2019
- Summary: WOLFSBURG, GERMANY (FILE - APRIL 13, 2018) (REUTERS) ***WARNING: CONTAINS FLASH PHOTOGRAPHY*** VW CHAIRMAN HANS DIETER POETSCH AND CEO HERBERT DIESS ARRIVING FOR NEWS CONFERENCE PHOTOGRAPHERS SPOKESMAN, POETSCH AND DIESS ON PODIUM DIESS' HANDS DIESS SPEAKING REPORTERS WOLFSBURG, GERMANY (FILE - NOVEMBER 21, 2014) (REUTERS) FORMER VW CEO MARTIN WINTERKORN ARRIVING FOR NEWS CONFERENCE WINTERKORN SPEAKING FRANKFURT, GERMANY (FILE - SEPTEMBER 12, 2013) (REUTERS) VARIOUS OF WINTERKORN SHOWING CHANCELLOR ANGELA MERKEL E-GOLF MODEL AT FRANKFURT MOTOR SHOW (IAA) BERLIN, GERMANY (FILE - JANUARY 19, 2017) (REUTERS) VARIOUS OF WINTERKORN APPEARING IN FRONT OF PARLIAMENTARY INVESTIGATION COMMITTEE WOLFSBURG, GERMANY (FILE - NOVEMBER 21, 2014) (REUTERS) VARIOUS EXTERIORS OF VW HEADQUARTERS IN WOLFSBURG, NEAR HANOVER WOLFSBURG, GERMANY (FILE - OCTOBER 21, 2015) (REUTERS) VARIOUS OF VW WORKERS CHECKING CARS READY FOR DELIVERY BERLIN, GERMANY (FILE - JANUARY 19, 2017) (REUTERS) VARIOUS OF VW TDI DIESEL ENGINE AND EXHAUST PIPE
- Embargoed: 8th October 2019 13:24
- Keywords: CEO Herbert Diess CEO Martin Winterkorn market manipulation trial stocks VW Volkswagen Chairman Hans Dieter Poetsch shares Diesel emissions scandal
- Location: WOLFSBURG & FRANKFURT & BERLIN, GERMANY
- City: WOLFSBURG & FRANKFURT & BERLIN, GERMANY
- Country: Germany
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA001AY0N05P
- Aspect Ratio: 16:9
- Story Text:German prosecutors are pressing criminal charges against the CEO, chairman, and a former CEO of Volkswagen VOWG_p.DE, saying they intentionally delayed telling investors about the carmaker's cheating of U.S. diesel emissions tests.
Prosecutors in the city of Braunschweig said on Tuesday they aimed to charge Volkswagen Chief Executive CEO Herbert Diess, Chairman Hans Dieter Poetsch and former CEO Martin Winterkorn with stock market manipulation.
Four years after the German company admitted using illegal software to cheat U.S. diesel engine tests, the charges show it is still struggling to move on from a scandal which has cost it more than $30 billion in vehicle refits, fines and provisions.
Court proceedings are underway over that admission from September 2015. The indictment from the prosecutors in Braunschweig - in Volkswagen's home region of Lower Saxony - is part of a separate legal push to try managers over allegations they delayed disclosing the scandal to investors.
(Production: Michele Sani) - Copyright Holder: FILE REUTERS (CAN SELL)
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