Two former executives of the sports carmaker are charged with market manipulation in a failed takeover bid for VW. Prosecutors say Porsche publicly lied, by denying plans to raise its stake in VW to 75 percent, while secretly buying up the stock.
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.
A Volkswagen (VW) manager, currently jailed in connection with the German automaker's emissions scandal in the United States, has pleaded guilty in a Detroit courtroom, hoping for lesser punishment.
Greenpeace "pirates" have boarded a ship arriving in Britain in an effort to stop it unloading a consignment of over 1,000 Volkswagen diesel cars. They also sought to immobilize vehicles at a port in the UK.
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.
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