Martin Winterkorn, the former CEO of Volkswagen, has told a parliamentary committee he did not know about emissions rigging at his company.
Net profits tumbled in the third quarter at Volkswagen as the world's biggest carmaker booked higher-than-expected charges related to the emissions cheating scandal in the US. Surprisingly, VW's future looks rosier.
Daimler is alleged to have sold over a million cars in Europe and the US containing engines rigged to cheat emissions tests. German authorities raided several locations associated with the automaker back in May.
Employees of the German luxury car maker Porsche are now being eyed by investigators in the emissions scandal which is slowly engulfing the industry and has already led to criminal and civil charges in America.
VW's emissions scam has stained the firm's reputation and even undercut Germany’s well-cultivated image as a bastion of excellence, precision and environmentalism. One of those behind the scandal is set to be sentenced.
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