Volkswagen Chief Warns on Existential Threat of Cheating Scandal

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  • Incoming Chairman Poetsch still confident of resolution
  • Merkel sees no lasting effect of VW crisis for Germany

Could VW Diesel Dupe Push German Growth Off the Road?

Volkswagen AG’s designated Chairman Hans Dieter Poetsch warned managers that the diesel-emissions scandal could pose “an existence-threatening crisis for the company,” as it pleaded for public trust with full-page ads in national newspapers.

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