Qatar Wealth Fund Exposed to Volkswagen Share Drop

Posted on 09/21/2015

U.S. regulators discovered that Wolfsburg-based Volkswagen AG software designed for diesel automobiles outputted false emissions data. Volkswagen faces fines up to US$ 18 billion according to the U.S. Environmental Protection Agency (EPA). Criminal prosecution is also on the table for Volkswagen. Martin Winterkorn, CEO of Volkswagen, apologized on Sunday, saying in a statement, “I personally […]