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Top Volkswagen executives charged with market manipulation in emissions scandal

The scandal has cost the German automaker more than 30 billion euros since September 2015

September 24, 2019 at 8:46 a.m. EDT
Volkswagen CEO Herbert Diess, right, and Chairman Hans Dieter Poetsch have been charged with market manipulation in connection with the automaker's diesel emissions scandal. (Michael Sohn/AP)

Top Volkswagen executives, including chief executive Herbert Diess, have been charged with market manipulation in the latest chapter of the auto giant’s diesel emissions scandal, German prosecutors say.

Diess, Chairman Hans Dieter Poetsch and former CEO Martin Winterkorn were all charged in Braunschweig in northern Germany, Volkswagen’s home region, for failing to warn investors about the scandal and its financial impact on the company, prosecutors said in a statement on Tuesday.