German prosecutors say they have charged Volkswagen CEO Herbert Diess and chairman Hans Dieter Poetsch, along with former CEO Martin Winterkorn, with market manipulation in connection with the diesel emissions scandal that erupted in 2015.
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The Securities and Exchange Commission is charging Volkswagen and former CEO Martin Winterkorn with defrauding American investors during an emissions scandal.
Former Volkswagen CEO Martin Winterkorn, who resigned in the face of the company's emissions-rigging scandal, is now the focus of German prosecutors.
Volkswagen CEO Martin Winterkorn says he is stepping down "in the interests of the company" as it grapples with the emissions scandal.