FRANKFURT AM MAIN: German prosecutors said Monday they had charged former Volkswagen chief executive Martin Winterkorn and four other managers over the group's"dieselgate" emissions cheating scandal.
That date was more than a year before VW publicly admitted to fitting 11 million vehicles with software to make them appear less polluting in the lab than in real driving conditions."In the end, this resulted in the imposition of higher fines against Volkswagen AG in Germany as well as the USA," the prosecutors said.
VW shares were little moved by the charges, gaining 0.4 per cent to trade at €154 around 1:15pm in Frankfurt , slightly outperforming the DAX blue-chip index. Aftershocks from the scandal have been serious enough to change the gigantic firm's course, with bosses now making a massive bet on electrification over the next decade.
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