Date: 5th October 2016
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Type: In the news
Volkswagen has admitted that an estimated 11 million cars worldwide were involved in the falsified emission reports. Reports have emerged that Volkswagen’s top management had been aware of the deception since before the official ad-hoc announcement.
Representing VW shareholders, the German investor association DSW, a member organization of BETTER FINANCE (the European Federation of Investors and Financial Services Users), is examining the possibility of legal proceedings on the grounds that VW violated its duty to immediately disclose all information regarding the manipulation of emissions and ensuing fallout.
Read the full press release.