×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Volkswagen | Emissions Scandal

VW Denies Reports board Members Got Early Warning of Scandal

Wednesday, 08 February 2017 03:06 PM EST

FRANKFURT, Germany (AP) — Volkswagen's diesel scandal took a rancorous turn Wednesday when the board of directors denied news reports that former chairman Ferdinand Piech had given four members early warning about the U.S. probe into emissions cheating.

The board issued a statement that the four members "rejected all assertions made by Ferdinand Piech as untrue."

The reports from the Bild newspaper and Spiegel Online say Piech has told German prosecutors that he learned of the probe from an informant and asked CEO Martin Winterkorn about it in March, 2015, then told the four.

Winterkorn has said he didn't learn of the problem until shortly before U.S. investigators announced it in September, 2015. Investors are suing in Germany, saying Volkswagen didn't give timely notice of an issue that could affect share prices.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Volkswagen's diesel scandal took a rancorous turn Wednesday when the board of directors denied news reports that former chairman Ferdinand Piech had given four members early warning about the U.S. probe into emissions cheating.The board issued a statement that the four...
EU,Volkswagen,Emissions Scandal
131
2017-06-08
Wednesday, 08 February 2017 03:06 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved