Former Porsche SE execs, including Wendelin Wiedeking, Holger Haerter, and now Anton Hunger, have been indicted for alleged stock manipulation during the failed takeover of Volkswagen. Prosecutors dropped charges against Ferdinand Piech and Wolfgang Porsche.
Volkswagen is recalling 420,000 vehicles in the US from several of its model lines because the wiring for the driver's side airbag can be torn. If this happens, then the safety device wouldn't work in a crash.
Suzuki and Volkswagen look to finally free themselves from their troubled partnership. At the same time, a hedge fund is buying up a portion of the Japanese automaker due to the company's strength in India.