Share

Emissions scandal: VW faces investor questions

Germany - Volkswagen executives face questions from minority investors over the company's scandal involving cars rigged to cheat on diesel emissions tests.

Volkswagen's board of directors has proposed that the assembled shareholders in Hannover, Germany, vote to approve the work of the management team.

That's a formality, but sometimes presents a chance for disgruntled shareholders to voice their displeasure.

Ongoing scandal

Porsche SE, the holding company that controls a majority of voting rights, has said it will back the proposal.

Board Chairman Hans Dieter Poetsch told shareholders on Wednesday that approving management's work does not mean there will be no consequences or damage claims for any executives found responsible for the rigged cars.

The scandal became known on Sept 18 2015 when the US Environmental Protection Agency issued a notice of violation.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE