Stock market quotes, forex, financial news, forex tools –

Former Audi CEO charged in Dieselgate scandal

 Breaking News
Former Audi CEO charged in Dieselgate scandal
July 31
09:00 2019

Echoes of the Dieselgate are still to be heard. The Munich Prosecutors Office accused the former head of the company Audi, part of the Volkswagen concern, of involvement in the scandal. Rupert Stadler is accused of fraudulent actions in the case of manufacturers who installed software in their cars. Due to the fraud, indicators on harmful exhaust from cars were artificially lowered.

Three more participants in a long-standing scandal received the similar charges too. We still don’t know who they are, but there is the information that they held key posts at Audi, Volkswagen and Porsche. Mr. Stadler is mostly accused of doing nothing to stop the production of cars even knowing the falsifications. Thus, he remained inactive when the US had raised claims against VW. As a result, more than 430 thousand cars of the above three brands with software that underestimates emission data were sold in Europe and America.

Stadler was already arrested last year. Then he spent 4 months in prison, after which he was released on special conditions. At the same time, he lost the post of CEO.

The former head of Volkswagen Martin Winterkorn was accused of illegal manipulation in April of this year. As of now, VW has paid more than 30 billion euros in fines.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment