VW Recovery Dealt Blow by Poetsch Probe, Audi Cheating Report
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Volkswagen AG’s efforts to emerge from the diesel-emissions scandal were dealt a double blow after German prosecutors extended their probe to Chairman Hans Dieter Poetsch and a newspaper reported Audi installed additional cheating software in some of its cars.
Europe’s largest automaker has struggled to extricate itself from the crisis, which erupted in September 2015 after Volkswagen admitted to rigging about 11 million cars worldwide to cheat on emissions tests. Poetsch, who was chief financial officer when U.S. authorities were investigating, was installed as chairman in the aftermath of the revelations to help stabilize the company. Audi, which developed some of the engines involved in the scandal, is the group’s biggest profit contributor and is critical to Volkswagen’s recovery plan.