Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Volkswagen : German Prosecutors Continue Probing Volkswagen Works Council Pay After Charging Individuals

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/12/2019 | 10:05am EST

By Max Bernhard

German prosecutors said Tuesday they are continuing to probe the compensation of Volkswagen AG's (VOW.XE) works council, after having charged two former executives as well as one former and one current manager in relation to the matter.

Investigations into the matter are continuing, in particular against Bernd Osterloh, the car maker's current works council chief on suspicion of aiding and abetting breach of trust, a spokesman for the Braunschweig public prosecutors office said Tuesday.

The Volkswagen works council didn't immediately reply to a request for comment.

Volkswagen said in a statement that no criminal misconduct could be identified in connection with determining the remuneration of individual works council members. "In addition, we would like to point out that the charges brought by the public prosecutor's office in Braunschweig are not against Volkswagen AG but against individuals," it said.

The defendants are accused of having granted several members of the works council excessive salaries and bonuses between May 2011 and May 2016 in their roles overseeing human resources at the Volkswagen brand, the Braunschweig public prosecutors office said earlier on Tuesday.

The prosecutors allege that this resulted in 5.1 million euros ($5.6 million) in damages for Volkswagen.

Write to Max Bernhard at max.bernhard@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
PORSCHE AUTOMOBIL HOLDING SE 0.54% 67.48 Delayed Quote.29.94%
VOLKSWAGEN AG 0.55% 175.86 Delayed Quote.25.93%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VOLKSWAGEN AG
12/05GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio
RE
12/05GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio
RE
12/05VOLKSWAGEN : Financial Services' 2019 Operating Profit to be Significantly Highe..
DJ
12/04BMW sues air conditioning suppliers over price fixing
RE
12/04VOLKSWAGEN : Presentation - Leading the Transformation
PU
12/04German car industry expects more job cuts in 2020
RE
12/04VOLKSWAGEN : is pursuing the goal of becoming balance sheet CO₂-neutral by..
PU
12/04South Korea's SK Innovation signs Glencore cobalt supply deal
RE
12/03U.S. HAS NOT RULED OUT IMPOSING TARI : Commerce chief
RE
12/03VOLKSWAGEN : headquarters raided again over diesel scandal
RE
More news
Financials (EUR)
Sales 2019 249 B
EBIT 2019 17 854 M
Net income 2019 13 750 M
Finance 2019 21 780 M
Yield 2019 3,60%
P/E ratio 2019 6,33x
P/E ratio 2020 6,02x
EV / Sales2019 0,26x
EV / Sales2020 0,23x
Capitalization 87 552 M
Chart VOLKSWAGEN AG
Duration : Period :
Volkswagen AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VOLKSWAGEN AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 198,59  €
Last Close Price 174,94  €
Spread / Highest target 38,3%
Spread / Average Target 13,5%
Spread / Lowest Target -18,3%
EPS Revisions
Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN AG25.93%97 215
TOYOTA MOTOR CORPORATION25.71%199 078
DAIMLER AG7.30%58 517
BMW AG2.98%52 162
GENERAL MOTORS COMPANY5.56%50 450
HONDA MOTOR CO., LTD.11.75%50 391