FIRST AIRED: January 5, 2017

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COMING UP:Share Opener Variant 1

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Transcript

00:00:00
>> The new year has brought no new beginnings for Volkswagen, the German car maker is facing another lawsuit. This time from investors with American depositary receipts, a form of foreign share ownership for US stockholders. They say Volkswagen executives misled the investing public and claimed all diesel vehicles met emission standards, something we now know to be hot air.
00:00:26
And that, say analysts could leave Volkswagen billions more out of pocket. Among those ordered to defend the claims, is Volkswagen's former CEO, Martin Winterkorn. Who resigned days after the scandal became public. Since then, the company's had more and more lawsuits, with bigger and bigger bills. In the US alone, it's cost the company up to $17.5 billion for past misdeeds.
00:00:53
At a time when VW is desperate to look to the future. On Tuesday, the company also had its first legal case in Germany. A clear run from Diesel Gate looks a long way off.