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.
In the wake of its diesel emissions scandal, Volkswagen has replaced half of the supervisory board at its Audi subsidiary, with CEO Rupert Stadler remaining firmly at the helm of the premium carmaker.
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.
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.
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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