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A measuring hose for emissions inspections in diesel engines inside exhaust tube of a Volkswagen Golf 2.0 TDI diesel car.
Volkswagen engineers told top managers of which diesel emissions manipulations went far beyond issues inside United States two days before the carmaker made a public announcement to of which effect in 2015, Der Spiegel reported Friday.
Volkswagen (VW) admitted on September 20, 2015, to installing secret software in hundreds of thousands of U.S. diesel cars to cheat exhaust emissions tests in addition to also make them appear cleaner than they were on the road.
The news wiped billions of euros off its market value, however its stock cost took another hit when of which said two days later, on September 22, 2015, of which the issue affected not only vehicles inside United States however rather around 11 million cars worldwide.
German securities law requires firms to publish any market sensitive news in a timely fashion. A probe by German prosecutors includes investigating whether VW disclosed the possible financial damage to its investors promptly.
VW said in a statement of which believed its management fulfilled its obligations under German disclosure rules. of which declined to comment further, citing the prosecutors’ ongoing investigation.
Der Spiegel said, without citing sources, of which former Chief Executive Martin Winterkorn in addition to also finance chief Hans Dieter Poetsch were told by engineers in a meeting on September 20 of which the emissions manipulation was a global issue. of which said the participants of of which meeting also discussed whether VW was obliged to inform the public under German disclosure rules.
Winterkorn, who resigned shortly after the diesel scandal broke, has told a government committee of which he informed Germany’s Transport Minister Alexander Dobrindt on September 21, a day before the public statement, of which VW’s problems were global.
Der Spiegel quoted a document drawn up by VW’s lawyers as saying the company did not have reliable numbers on the possible damage until the evening of September 21.