VW chief under pressure as cheating scandal snowballs
The job of Volkswagen's chief executive appeared to be on the line Wednesday over a pollution cheating scandal that has sparked a US criminal investigation and worldwide legal action with unfathomable financial consequences for the auto giant.
(AFP) The job of Volkswagen's chief executive appeared to be on the line Wednesday over a pollution cheating scandal that has sparked a US criminal investigation and worldwide legal action with unfathomable financial consequences for the auto giant.
Volkswagen's share market nightmare showed the first signs of lifting as its stock steadied a little in early trade in Frankfurt, following a two-day freefall that had axed 35 percent, or 25 billion euros, off the company's market value. By mid morning the shares were up 2.1 percent at 108.50 euros.
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