News Digest Item
21 Mar 2018

Prosecutors raid VW headquarters over suspicion of market manipulation

Spiegel Online

Prosecutors in Germany have raided Volkswagen’s headquarters to investigate suspicions of market manipulation by the country’s largest carmaker, Spiegel Online reports. VW has raised the prosecutors’ suspicion by issuing two differing announcements on possible “irregularities” in tests to measure car emissions. In September 2015, shortly after the dieselgate scandal became public, VW said that up to 800,000 cars showed “inexplicable values” in CO2 emissions tests, but reduced that figure to 36,000 in another announcement in December of the same year. Prosecutors now say this second announcement has “objectively been wrong,” Spiegel Online reports.

Read the article in German here.

Find more information on VW’s emissions scandal in CLEW’s dieselgate timeline.

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