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Found 4 results

  1. Early this morning, German authorities arrested Audi CEO Rupert Stadler at his home in Ingolstadt. Prosecutors said in a statement that Stadler's arrest is due to concerns about evidence tampering. “There were clear signs that there was to be an effort to influence people and other suspects. Therefore we issued an immediate arrest warrant,” Stephan Necknig, a spokesman for the Munich prosecutor’s office to German Tabloid Bild. The arrest of Stadler comes a week after prosecutors accused him of fraud and false advertising. Stadler and Audi's head of procurement, Bernd Martens had the
  2. Early this morning, German authorities arrested Audi CEO Rupert Stadler at his home in Ingolstadt. Prosecutors said in a statement that Stadler's arrest is due to concerns about evidence tampering. “There were clear signs that there was to be an effort to influence people and other suspects. Therefore we issued an immediate arrest warrant,” Stephan Necknig, a spokesman for the Munich prosecutor’s office to German Tabloid Bild. The arrest of Stadler comes a week after prosecutors accused him of fraud and false advertising. Stadler and Audi's head of procurement, Bernd Martens had the
  3. It hasn't been a good week at Porsche. On Wednesday, German prosecutors raided around 10 facilities owned by Porsche as part of an investigation into three suspects over the diesel emission mess. Yesterday, the head of Porsche' powertrain development Joerg Kerner was placed under arrest by German police. A source tells Reuters that Kerner is being held because police believe his a flight risk. Kerner was one of three suspects that prosecutors were targeting during their raids according to a spokesman from the Stuttgart public prosecutor’s office. In a memo sent out by Porsche chief e
  4. It hasn't been a good week at Porsche. On Wednesday, German prosecutors raided around 10 facilities owned by Porsche as part of an investigation into three suspects over the diesel emission mess. Yesterday, the head of Porsche' powertrain development Joerg Kerner was placed under arrest by German police. A source tells Reuters that Kerner is being held because police believe his a flight risk. Kerner was one of three suspects that prosecutors were targeting during their raids according to a spokesman from the Stuttgart public prosecutor’s office. In a memo sent out by Porsche chief e

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