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Volkswagen AG will not publish a final report with the conclusions of an external investigation into its diesel emissions scandal conducted by U.S. law firm Jones Day.

Addressing 3,000 shareholders at the carmaker’s annual general meeting here Wednesday, VW Chairman Hans Dieter Poetsch praised the Jones Day probe as "one of the most comprehensive in German corporate history," but said VW would risk heavy fines and potentially more lawsuits if it agreed to the demands.

"I’m aware that some of you wish for greater transparency. Often the publishing of a full report is demanded,” Poetsch said. "To be clear: there is no written final report from Jones Day, nor will there be. I ask for your understanding that for legal reasons Volkswagen is prevented from publishing any such report."



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