The Currency Scene:
News, Events, and Stories about currency from around the world.

BERLIN (Reuters) - Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess traveled to the United States this month to testify to authorities there about the carmaker’s emissions scandal, German newspaper Bild reported on Tuesday.

image
FILE PHOTO: Herbert Diess, Volkswagen's new CEO, poses during the Volkswagen Group's annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt/File Photo

Diess, who took office last month after his predecessor Matthias Mueller was ousted as CEO by major stakeholders, spoke with representatives of the U.S. Justice Department and the Federal Bureau of Investigation, Bild said, without citing the source of the information.

Diess, who joined Volkswagen (VW) in July 2015, about two months before the “Dieselgate” scandal broke, was accompanied by Larry Thompson, the U.S. monitor appointed last year to oversee reforms at the German group, the newspaper said.

image
Slideshow (2 Images)

VW declined comment on the report.

A person familiar with the matter confirmed that Diess and Thompson had traveled to the U.S. recently for talks with relevant authorities, without being more specific.

Last week, the U.S. filed criminal charges against former VW CEO Martin Winterkorn accusing him of conspiring to cover up the emissions manipulations. They subsequently issued an arrest warrant against Winterkorn, 70, who resigned days after “Dieselgate” broke in September 2015.

Bloomberg reported on Monday that Diess was granted a rare safe-passage deal by the U.S., allowing the former BMW executive to travel freely without risk of being arrested in connection with the emissions investigation.

A source close to VW said there was nothing unusual about the travel arrangements for Diess. VW declined comment.

Reporting by Andreas Cremer; Editing by Keith Weir

Read more from our friends at Reuters:

Pin It

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

Visit the CurrenScene Media Page