Volkswagen CEO Herbert Diess and the company's chairman, Hans Dieter Pötsch, were charged by German prosecutors on Tuesday with stock market manipulation tied to the carmaker's diesel emissions scandal.
emissions cheating scandal
Daimler, the German auto company that makes Mercedes-Benz, has slashed its 2019 profit expectations by hundreds of millions of euros. The financial downgrade, announced Sunday, is the latest fallout from the diesel emissions scandal that has rocked the German auto industry.
Volkswagen's emissions rigging scandal nearly killed diesel car sales. Now the company says they're making a comeback.
Fiat Chrysler will pay about $800 million to settle charges that its diesel vehicles sold in the United States had improper software that allowed it to violate emissions rules.
Volkswagen is once again counting the cost of cheating on diesel engine emissions tests.