April 20, 2018 / 10:03 AM / 3 months ago

Porsche's head of powertrain development arrested - source

HAMBURG, April 20 (Reuters) - German police have arrested the head of powertrain development at Volkswagen’s Porsche business and he is being held on remand as he was seen as a flight risk, a person familiar with the matter said on Friday.

A spokesman for Porsche declined to comment.

German daily Bild am Sonntag earlier cited an internal memo from Porsche Chief Executive Oliver Blume to staff as saying a manager had been arrested.

Prosecutors are investigating current and former employees of Porsche, including a management board member, as part of their inquiries into emissions manipulations.

Reporting by Jan Schwartz Writing by Maria Sheahan Editing by Sabine Wolrab

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