VW CEO Rejects Market Manipulation Allegations

main source Uli Deck DPA – VW Volkswagen CEO Matthias Mueller Detroit auto show January 2016 53380582
Under investigation. Picture source: DPA

Volkswagen Chief Executive Matthias Müller, in an exclusive interview with Handelsblatt, has rejected allegations by state prosecutors that he and other VW leaders engaged in market manipulation by failing to inform Porsche SE shareholders about the diesel emissions scandal in a timely manner.

Mr. Müller said he and his co-accused, former VW CEO Martin Winterkorn and Supervisory Board Chair Hans Dieter Pötsch, fulfilled all legal obligations to publish information relevant to capital markets in a timely manner.

“I reject the allegations of the state prosecutor,” Mr. Müller told Handelsblatt.“I will do everything I can to make sure that the facts of the case are cleared up in a speedy and transparent manner,” he added.

Want to keep reading?

Subscribe now or log in to read our coverage of Europe’s leading economy.