Volkswagen in Wolfsburg
VW is already battling with shareholders who are misled by the group because of too late information on the exhaust gas scandal on 22 September 2015.
Of the VWGroup does not rest. As has now become known, the prosecution in Braunschweig in another case for more punishable acts Volkswagen, This time it’s about a potentially misleading ad-hoc release related to misleading CO2 emissions. The suspicion is market manipulation. First had the “Wirtschaftswoche” reported on the new searches,
A VW spokesman confirmed to the Handelsblatt that the prosecution has initiated new investigations and in early March in Wolfsburg has searched several offices to ensure evidence. Nevertheless, VW does not want to have made any mistakes. “Volkswagen AG is convinced that it has duly fulfilled its ad hoc publicity obligations,” the spokesman said.
The prosecutor Braunschweig searched 13 offices in the Volkswagen headquarters in Wolfsburg. It concerns the examination of the suspicion and for the determination and identification of the acting responsible person confirmed Klaus Ziehe, speaker of the authority. After that, large amounts of data were confiscated, which had to be evaluated and evaluated in the next few weeks. “There is still no sufficient clarity against whom the initial suspicion is directed,” said Ziehe the Handelsblatt.
Exhaust scandal: VW dealers fear because of diesel depreciation for their existence
In the matter, it is in the investigation of possibly erroneous fuel consumption and thus the emission of CO2 emissions in cars from the VW Group. There is a suspicion that an ad-hoc release published by the Group on 9 December 2015 was “objectively wrong in content”. The VW announcement for the capital market was entitled “CO2 topic largely completed”.
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An ad hoc of November 3, 2015 had thus overtaken. In this VW also said that it had come in the determination of the CO2 value for the type approval of vehicles “unexplained values” come. Initially, about 800,000 vehicles were potentially affected, the potential damage could amount to about two billion euros, according to VW.
On December 9, 2015, the world was apparently in good shape from a VW point of view. It was cleared up. “After extensive internal audits and measurement controls, it is now clear that almost all of these model variants meet the original CO2 levels,” it said in an ad-hoc release. The “suspicion of unlawful change in the consumption of current production vehicles” was eliminated, there are only marginal problems with only 36,000 cars.
The prosecutor’s office apparently doubts the statements of the December ad-hoc. If the suspicion is confirmed, VW investors may have been misled. In addition to the criminal consequences, this could also result in civil law claims.
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VW is already battling with shareholders who are misled by the group because of too late information on the exhaust gas scandal on 22 September 2015. Here too, the prosecutor already determined Braunschweig. The former CFO Martin Winterkorn, the former Chief Financial Officer and current Supervisory Board Chairman Hans Dieter Pötsch as well as the VW Brand Management Board member Herbert Diess are accused in this case.