Thursday, November 19, 2015

VW executives already knew of irregularities in the software – Deutsche Welle

According to information to which he had access dpa, is Volkswagen engineers in the United States. In addition to the German newspaper Handelsblatt , also the program of the German public television “Front 21″ reported that Volkswagen executives offered a “partial confession” to the environmental authorities of the state of California, where they started investigations revealing the scandal would end.

A company spokesman said yesterday, Wednesday (11/18/2015) in Wolfsburg, the company management knew that problems had been identified in emissions from their cars United States. But he said he did not know the details of the operations, supported by Volkswagen in September.

The company maintained contact with environmental authorities for months. These talks were in the hands of technicians Volkswagen. But, according to spokespersons, all contacts were made by staff below management level in the company.

Investigations continue

The German agency financial and securities, Bafin supervision, is investigating whether Volkswagen took too long to report the scandal to come. Some shareholders and took their case against the company. Following the scandal, shares of the company fell from 170 to just over 100 euros per share on the Frankfurt Stock Exchange.

A member of the supervisory board of VW and prime minister of Lower Saxony, Stephan Weil , and he criticized the company in mid-October. Weil said the regional parliament manipulations could have been recognized before. Lower Saxony is one of the main shareholders of the automotive giant.

The first clues of possible differences between laboratory results and VW emissions from road and arrived in the fall of 2014. Then began a year tug of war between the company and the environmental company supervisors until VW admitted manipulated million cars with fraudulent software to simulate the pollution emitted less real.

The supervisory board of Volkswagen again to meet tomorrow at the headquarters of the company, Wolfsburg, to discuss again about the status of investigations into the scandal, as well as on finance and future investments of the company.

CP (dpa, RTR)

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