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Business

Volkswagen chairman probed over emissions scandal

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Business

Volkswagen chairman probed over emissions scandal

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COMING UP:Volkswagen chairman probed over emissions scandal

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00:00:01
>> Another bump in the road for Volkswagen, the company announcing Sunday that its Chairman is now being probed by German prosecutors. Hans Dieter Pötsch was the auto giant's Finance Chief when the omissions cheating scandal erupted last year. Volkswagen admitted it had fitted more than 11 million diesel vehicles with software to deactivate pollution controls.
00:00:23
Making the cars appear cleaner than they were in testing, were actually emitting up to 40 times the legally allowable pollution levels. Reuters senior car correspondent, Andreas Cremer has been following the story from Berlin.>> This widening of the investigation to the chairman is coming at the worst possible time for Volkswagen.
00:00:43
The company is, right now, on the final stretch of its restructuring talks with the labor unions and this again a deal with the labor unions on restructuring is seen as key by investors, by analysts, by exports and for recovery in the stock. So any disturbances like this particular bad news on Sunday is not good at all for the company.
00:01:07
But we heard from the two main shareholders in Volkswagen, the Porsche and PH families and the state of they were both uniting behind Perch and saying they were still supporting him. So on first glance it looks like everybody is holding together. But, again, Volkswagen is at a critical stage of its development post-Dieselgate, trying to transform the business.
00:01:31
>> The German car maker is now trying to clean up its act and says that VW and Pötsch will fully support the prosecutor's office in its investigation.