Volkswagen on Wednesday rejected allegations that it didn’t go public early enough with information on its emissions-rigging scandal. The company faces suits at a court in Braunschweig, Germany, from shareholders. They argue that, under German law, it should have disclosed information two weeks before it did. Volkswagen said that it “considers the German shareholder lawsuits […]
Volkswagen Board Leaders Back CEO After Struggle
Volkswagen CEO Martin Winterkorn will remain in his job and can look forward to having his contract extended, the leadership of the board said Friday, after a comment by chairman Ferdinand Piech raised widespread doubts about his future. Read: Chief Toyota Engineer Knocks Electric Cars A turbulent week for Europe’s biggest automaker started when Piech, […]