Volkswagen will release it annual results on April 28, after it was forced to delay their publication due to the emissions scandal which is continuing to cloud the German carmaker.
The results had originally been due on March 10 but Volkswagen warned last month that they would be delayed owing to “open questions and the resulting valuation calculations relating to the diesel emissions issue”.
VW’s annual shareholder meeting has been reorganised for June 22, from April 21.
As the FT’s Patrick McGee and Robert Wright reported yesterday, VW’s management, and how much top directors did or didn’t know, has been thrust back into the spotlight of the diesel emissions scandal. More information here.
The emissions scandal involves up to 11m diesel cars worldwide. Analyst estimates puts the total damages, including regulatory fines, civil and potentially criminal fines, and recalls, anywhere from $5bn to $50bn or more.
Image from Getty
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