Wall Street Journal published an article by Tatyana Shumsky and Nina Trentmann on Volkswagen AG’s CFO: “Frank Witter has spent more than three years rebuilding the car makers reputation with investors. Now the SEC’s suit casts new doubts on Volkswagen’s stature”
The Securities and Exchange Commission’s charges against Volkswagen AG dealt a blow to the efforts of its finance chief in his yearslong quest to engage with investors to rebuild trust in the company.
The SEC on Thursday charged the German auto maker, two of its units and former Chief Executive Martin Winterkorn with defrauding U.S. bond investors in connection with its decadelong diesel emissions cheating.
The lawsuit is the latest in a series of civil and criminal matters brought by U.S. authorities against Volkswagen in recent years in connection to the emissions scandal.
Chief Financial Officer Frank Witter, in an email on Friday, read more