BERLIN (Reuters) - Volkswagen's Herbert Diess will keep his role as the carmaker's chief executive and continue to defend himself with all legal means after prosecutors indicted him in connection to an emissions cheating scandal, his lawyers said on Tuesday.
German prosecutors brought criminal charges of stock market manipulation against Herbert Diess, former CEO Martin Winterkorn and Chairman Hans Dieter Poetsch.
Diess only joined the firm in July 2015 and it was not foreseeable for him that diesel issues would have financial consequences that were relevant for the capital market, the attorneys said.
(Reporting by Ilona Wissenbach, writing by Riham Alkousaa; Editing by Tassilo Hummel)
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Herbert Diess is an Austrian businessperson who has been at the helm of 5 different companies is Chairman-Management Board at Volkswagen AG and Chairman-Management Board at Volkswagen Group Services GmbH and on the board of 7 other companies. In the past Dr. Diess held the position of Member-Management Development at Bayerische Motoren Werke AG, General Manager-Treto plant at Robert Bosch GmbH and General Manager at Robert Bosch España SA. Dr. Diess received an undergraduate degree and a doctorate from Technische Universität München.
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| INFINEON TECHNOLOGIES AG | Chairman |
Volkswagen (China) Investment Co., Ltd.
 Volkswagen (China) Investment Co., Ltd. Financial ConglomeratesFinance Volkswagen (China) Investment Co., Ltd. engages in the provision of investment services. The company was founded on February 4, 1999 and is headquartered in Beijing, China. | Chairman |
