VW Given Deadline to Come Clean by Second-Biggest Shareholder

By Christoph Rauwald, Bloomberg News

Volkswagen AG was given three months by the prime minister of Lower Saxony, the carmaker’s second-biggest shareholder, to provide a full account of the roots of the diesel-emissions scandal.

“There is a very legitimate concern on the part of U.S. authorities, the public and the company itself for a comprehensive investigation,” Stephan Weil, Lower Saxony’s prime minister and a Volkswagen supervisory board member, said in an interview. “It’s in the interest of VW to provide a complete clarification.”

[caption id="attachment_6992" align="alignleft” width="230"][Image “Stephan Weil, prime minister of the German state of Lower Saxony, reacts ...