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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen    VOW3   DE0007664039

VOLKSWAGEN

(VOW3)
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Volkswagen : VW CEO says he is not being probed for fraud by German prosecutors

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04/15/2019 | 09:16am EDT
FILE PHOTO: Herbert Diess, Volkswagen's new CEO, speaks at a Volkswagen Group's media event in Beijing

SHANGHAI (Reuters) - Volkswagen's Chief Executive Herbert Diess said he was not among the Volkswagen executives being probed for fraud and breach of fiduciary trust after German prosecutors on Monday sought to press criminal charges against his predecessor.

"I am not among the accused. I do not expect to be charged," Diess said on the sidelines of a Volkswagen event at the Shanghai Auto Show on Monday.

Prosecutors in Braunschweig, Germany, said on Monday they were pressing criminal charges against former Volkswagen Chief Executive Martin Winterkorn for fraud, breach of trust and breaching competition laws for failing to prevent polluting diesel cars being put on sale.

Diess is being probed in a separate investigation about market manipulation. VW and Diess declined to comment on the status of the other probe.

(Reporting by Edward Taylor; Editing by Michelle Martin)

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Financials (€)
Sales 2019 243 B
EBIT 2019 18 039 M
Net income 2019 13 980 M
Finance 2019 25 068 M
Yield 2019 3,75%
P/E ratio 2019 5,67
P/E ratio 2020 5,56
EV / Sales 2019 0,23x
EV / Sales 2020 0,20x
Capitalization 81 506 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 190 €
Spread / Average Target 19%
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Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Member-Supervisory Board
Bernd Osterloh Member-Supervisory Board
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