Copyright Sean Gallup, Getty Images
94933615
94933615
94933615
94933615
94933615

Audi CEO Stadler Arrested in Diesel Probe

June 18, 2018
German authorities said they took Stadler into custody because of the risk he may tamper with evidence.

German authorities have taken Rupert Stadler, chief executive officer of Volkswagen AG’s Audi unit, into custody, making him the highest-profile arrest in the group’s diesel-cheating probes.

Munich prosecutors, who have been investigating Audi’s role in the 2015 scandal, confirmed they arrested the manager in the Bavarian capital because of the risk he may tamper with evidence, according to an emailed statement Monday.

Volkswagen, which last week agreed to pay a fine of 1 billion euros (US$1.2 billion) imposed by German prosecutors, confirmed the arrest.

Nearly three years on from the scandal, VW faces a multitude of probes both in Germany and abroad, with legal proceedings in 55 countries pending and investigations into stock-market manipulation in its home market. The company has earmarked more than 27 billion euros in fines, buybacks and costs. Investors have accused the company of informing investors too late about the probe, a view the carmaker has contested, saying it couldn’t have known the issue would balloon as it did.

By Elisabeth Behrmann

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!