Top Volkswagen Executives Charged With Market Manipulation
Interactive Video
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Business
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10th - 12th Grade
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Hard
Wayground Content
FREE Resource
German prosecutors charged Volkswagen executives with stock market manipulation, alleging they failed to inform investors about the financial risks of a diesel emission scandal. In 2015, Volkswagen admitted to using illegal software to cheat on emissions tests, affecting millions of vehicles. The scandal led to lawsuits and cost the company around $30 billion. Despite the financial hit, Volkswagen's CEO, who joined in 2015, was not implicated. The company claims the allegations are groundless after a thorough investigation. Leadership changes in the Volkswagen Group were also noted.
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