May 17, 2017

Porsche bosses probed under VW emissions scandal

Two Porsche executives are under investigation over their role in Volkswagen's emissions scandal. German prosecutors suspect the current and former boss, Matthias Mueller and Hans Dieter Poetsch, may have delayed releasing information to investors. Porsche, which is owned by VW, took a hit to profits after the emissions cheat system was exposed. A similar inquiry was launched last year into current and former VW board members over the same accusations. Mr Mueller, the boss of Porsche, and Mr Poetsch, the former boss and now chief executive of VW, will be questioned by prosecutors in Stuttgart.

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