Exhaust scandal: Volkswagen has to admit a diesel scandal

VW wanted to prevent an external investigation. But a court now gave shareholders the right: the processes for manipulated software would have to be checked independently.

Exhaust scandal: Volkswagen has to admit a diesel scandal

Volkswagen has failed to try to prevent an independent audit in exhaust gas scandal. A spokesman of Upper court Celle (Court of Appeal) confirmed, DasGericht has rejected a corresponding request from car group. Thus, decision of Court of Appeal of beginning of November remains that processes surrounding use of manipulated software InDieselfahrzeugen be independently tested.

The DSW was requested by German Protection Association for Securities ownership. DieAktionärsvertreter are hoping for answers to questions, ObVorstand and supervisory board at VW in connection with denSoftware-manipulations violate legal obligations and when from have experienced procedures.

The court also rejected VW application for a legal appeal to Federal Supreme Court (BGH). VW had argued that first legal issues of GrundsätzlicherBedeutung should be clarified.

The upper regional Court of Celle itself had also ordered a custom test for VW in past. This galtaber events in year 2015, i.e. question of when DamaligeKonzernchef Martin Winter Korn learned of manipulations Hatteund wher shareholders had been informed in good time.

VW sees itself "back on offensive"

In meantime, company has again been successful in its own words. "Volkswagen is on offensive again on all SeinenKernmärkten," said MarkenvertriebschefJürgen Stackmann at a press conference in Wolfsburg. The conversion of Manipulationbetroffenen diesel vehicles was also on a good path: in Germany, 91 percent were converted and 73 percent in Europe. "The quote DerKunden that disagree with update, which is below one percent," said Brand chief Herbert dies. The environmental premium, which offers Volkswagenzum exchange of old diesel vehicles against newer cars, Tragezum success, said Stackmann. According to group, around 50,000 customers have made use of it so far. At end of year, however, discount in current form expires.

In September 2015, Volkswagen had eleven million Dieselautoszugegeben in emission values worldwide. In meantime, compensations negotiated by Volkswagen UndStrafzahlungen amount to a total of approximately 25Milliarden euros; According to chief financial Officer Frank Witter, 17.5 billion euros of se have already been flown. DerAktienkurs by VW Warim connection to discovery of exhaust gas scandal crashed; DieVorzugspapiere of group had in meantime almost lost Hälfteihres value. Many investors want to leave ir Verlusteerstatten. The Public prosecutor's office in Braunschweig is still investigating many accused.

Date Of Update: 01 December 2017, 12:03
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