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Dieselgate: Volkswagen bosses Winterkorn, Diess and Müller as witnesses in court - Current developments in the investor process.
According to a report by web.de, the “Dieselgate” trial is gathering pace as former Volkswagen bosses are required to testify in court in connection with the scandal. The focus is on the investor trial at the Braunschweig Higher Regional Court, which involves damages against Volkswagen and the umbrella holding company Porsche SE. The former VW CEOs Herbert Diess, Matthias Müller and Martin Winterkorn must testify in court as witnesses. The proceedings were initiated in 2018 after investors suffered billions in price losses due to “Dieselgate”. The statements of the high-profile witnesses could have significant implications. If the investigations reveal that those responsible at the company have withheld important information, this could damage the reputation...
Dieselgate: Volkswagen bosses Winterkorn, Diess and Müller as witnesses in court - Current developments in the investor process.
According to a report from web.de,
The “Dieselgate” trial is gathering pace as former Volkswagen bosses are required to testify in court in connection with the scandal. The focus is on the investor trial at the Braunschweig Higher Regional Court, which involves damages against Volkswagen and the umbrella holding company Porsche SE. The former VW CEOs Herbert Diess, Matthias Müller and Martin Winterkorn must testify in court as witnesses. The proceedings were initiated in 2018 after investors suffered billions in price losses due to “Dieselgate”.
The statements of the high-profile witnesses could have significant implications. If the investigations reveal that those responsible at the company have withheld important information, this could further damage Volkswagen's reputation. The company could also face further fines and claims for damages. Investor and consumer confidence could continue to decline, which would have a negative impact on Volkswagen's share price and market position.
The reopening of criminal proceedings for market manipulation against Martin Winterkorn and the charges in the fraud complex could further shake investor confidence in the company. As a result, Volkswagen's share price could continue to be exposed to strong fluctuations. In addition, the vehicle recalls and the costs of dealing with the scandal could further burden the company's financial position, which in turn could have an impact on the entire automotive industry.
The public and regulators will closely monitor developments in the Dieselgate process as they could have implications for the entire financial industry. If further misconduct or deliberate concealment on the part of the company emerges, this could lead to stricter requirements and regulations for the entire automotive industry. It is therefore crucial how the process will develop further and what statements the former Volkswagen bosses will make.
Best regards,
XYZ, financial expert
Read the source article at web.de