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German Prosecutors to Investigate Former VW Senior Executives

German Prosecutors to Investigate Former VW Senior Executives

It was announced on Monday that German prosecutors have been requested by Germany’s financial watchdog, the Federal Financial Supervisory Authority (FFSA) to investigate two former Volkswagen board members for their role in the emissions scandal that came to light in 2015. Whilst one of the members under investigation has not been named, it was revealed that the other under investigation is Martin Winterkorn. The German prosecutor’s office revealed that the investigation was focusing on “sufficient real signs” that Volkswagen had failed to alert investigators of the impending financial damage before the announcement of the scandal was made on September 22nd.

Audi also released news that concerned the effects of the scandal on its parent company, Volkswagen. Audi announced that its sale of diesel cars as a proportion of its total sales had slipped in the first four months of the year. The announcement comes as new data has been released that suggests that European consumers are moving away from diesel motors in favour of petrol and electric powered vehicles. This loss of market share in diesel sales has been heavily blamed on the loss of consumer trust that accompanied the news of the vast scale of the emissions scandal.

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