FIRST AIRED: March 15, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
>> Audi getting dragged deeper into the Dieselgate scandal. The firm's offices being searched by German prosecutors on Wednesday. It's the first time they visited the car company since the emissions scandal broke in 2015. The searches were conducted at its two biggest plants and several other sites coinciding with the release of the carmaker's earnings.
00:00:21
A 37% plunge in operating profits to 3.1 billion Euros, adding pressure on Volkswagen's luxury division, and its chief executive, Rupert Stadler. Last month Audi's supervisory board expressed its support for Stadler. At the helm, since 2007, despite criticism of his handling of the scandal. The investigations in connection with a sale of around 80,000 Audi diesel vehicles in the United States between 2009 and 2015.
00:00:49
Prosecutors suspect they may have been fitted with devices to cheat on emissions tests. Audi admitted in November 2015 that its three liter D6 diesel engines were fitted with emissions control devices deemed illegal in the US. Last year the carmaker increased provisions for the diesel scandal to 1.63 billion euros.
00:01:11
Audi says it will cooperate fully with the authorities.