Volkswagen shares fall amid emissions scandal

Volkswagen shares fall amid emissions scandal

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Shares in car manufacturer Volkswagen are falling for a third consecutive day amid its widening emissions rigging scandal.

Volkswagen’s share price fell by 4% to 101.75 euro in early trading in Frankfurt on Wednesday. The fall follows falls of 17% and 20% in the first two days of the trading week.

On Tuesday, VW said 11m of its diesel vehicles worldwide contain software that can evade emissions controls, far more than the 482,000 cars identified by US authorities as violating clean air laws.

CEO Martin Winterkorn said he was “endlessly sorry” and asked in a video message for “your trust on our way forward”. Questions remain about his future.

The executive committee of Volkswagen’s supervisory board is expected to discuss the scandal.

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