• News Desk

EX-CEO OF VOLKSWAGEN FACES PROBE IN GERMANY


German prosecutors are investigating whether former Volkswagen Group CEO Martin Winterkornviolated securities laws in connection with the automaker's emissions scandal.Winterkorn and another unidentified former VW executive are the target of a probe into whether the German automaker promptly notified investors about its potential liability due to its emissions scandal, prosecutors in the German town of Braunschweig, about half an hour from Volkswagen’s global headquarters in Wolfsburg, said in a statement.Winterkorn resigned days after the crisis erupted in September, when the company admitted that it had rigged some 11 million diesel cars worldwide with software to cheat emissions regulations.

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