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.
German automaker Volkswagen posted a doubled net profit in 2017, selling more cars than ever before. Its bottom line held up despite an emissions scandal, but fallout from a recent testing scandal lies ahead.
Here it is again, the VW diesel crisis. Even if the German auto giant appears reformed and wants to look ahead, the legal processing in its Dieselgate scandal is only at a starting stage, says DW’s Henrik Böhme.
German carmakers have condemned experiments they paid for that exposed monkeys to toxic diesel fumes. VW also apologized for a lack of judgment in a further case connected to the Dieselgate emissions scandal.
The US unit of Volkswagen has called for the Dieselgate trials to be delayed, after a plaintiffs' lawyer linked the firm with the Holocaust. The lawyer, Michael Melkersen, made the comments in a Netflix documentary.
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