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VW faces fresh emissions questions

Monday, February 15, 2016 - 01:16

More questions are raised over what VW's senior managers knew about its emissions scandal after it's reported that a high-ranking employee warned in May 2014 that U.S. regulators might examine car engine software. Hayley Platt reports.

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Volkswagen admitted in September 2015 to cheating pollution tests. It's maintained only a small number of employees were to blame - with no indication that board members were involved. But reports this weekend mean new questions for the carmaker. They claim that a high-ranking employee warned senior managers in May 2014 that U.S. regulators might examine engine software as part of an investigation. Baader Banks' Robert Halver. (SOUNDBITE) (German) HEAD OF CAPITAL MARKETS ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "There is still a lot to be cleared up at Volkswagen but the shares have already lost so much in the past months that more bad news does not spark much uproar anymore. In the long term, the question is how we turn the corner and investigate thoroughly enough to placate America, because the one thing America will not tolerate is deception." The U.S. Justice Department is suing the company for up to $46 billion over the scandal. Regulators and prosecutors looking to establish what role, if any, was played by senior managers, including former Chief Executive Martin Winterkorn. A VW spokesman said that the company doesn't comment on ongoing investigations, adding that it would report on its own internal inquiry in April.

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VW faces fresh emissions questions

Monday, February 15, 2016 - 01:16