Investors Want Blood And Demand Independent Investigation Of Volkswagen Cheating

Three investor groups called on Monday for a new, independent investigation into Volkswagen's emissions test-rigging scandal, saying the inquiries launched by the German carmaker so far may not be far-reaching or transparent enough.

German investors' association DSW and Deminor, a Brussels-based firm which represents investors including the city of New York pension fund, said shareholders should be allowed to vote on launching such an investigation at Volkswagen's (VW) annual general meeting (AGM) on June 22.

London-based Hermes EOS also called for an independent inquiry into the "potential liability of the members of the management and supervisory boards" of the German company.

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PUGPROUD - 5/24/2016 2:03:18 PM

+1 Boost

There is blood in the water and all the participants are trying to get blood from this stone. Its every investor, manager, employee, union, dealer, government, customer and lawyer for themselves. This will make a great movie one day.

Vette71 - 5/24/2016 4:43:46 PM

+2 Boost

The problem is these investors don't have much say or leverage, unlike in a USA company where ownership is widely spread out. The two families plus the state government who own the company and the German unions will squash this like a bug.

MDarringer - 5/24/2016 7:04:57 PM

+1 Boost

Anything that excoriates VW is muzak to my ears.