VW board to discuss probe into Audi CEO for fraud and false advertising
Rupert Stadler and another member of Audi’s top management have had their apartments searched
Hamburg/Berlin — On Monday, Volkswagen’s (VW) supervisory board will discuss German prosecutors’ investigation into the head of its Audi brand, as the car maker weighs up how to tackle the latest fallout from its 2015 emissions scandal, sources said. Munich prosecutors said on Monday that Audi CEO Rupert Stadler and another member of Audi’s top management were being investigated for suspected fraud and false advertising and had their apartments searched. Stadler has been under fire since Audi admitted in November 2015 — two months after VW — that it used illegal software to cheat US emissions tests on diesel engines. Stadler has held onto his post mainly thanks to the backing from members of VW’s controlling Porsche-Piëch families. VW’s supervisory board, which includes representatives of the ruling families, labour leaders, shareholders and officials from the group’s home state of Lower Saxony, want to hear from the car maker’s lawyers what evidence the prosecutors have against Sta...
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