The New York Times, March 15, 2019, By Alexandra Stevenson and Jack Ewing

"Volkswagen’s chief executive knew about a “massive” emissions fraud years earlier than he or the company have previously admitted, the Securities and Exchange Commission says in a new lawsuit that could bolster the claims of investors seeking billions of dollars in damages from the German carmaker.

The suit, filed late Thursday, accuses Martin Winterkorn, the company’s chief executive until late 2015, of knowing in November 2007 about a plan to deceive American regulators about the exhaust levels of its diesel vehicles by using software to cheat on emissions tests. ..."

READ MORE: https://www.nytimes.com/2019/03/15/business/volkswagen-winterkorn-sec-fraud.html

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