CEO Herbert Diess reaffirmed the company’s target of positive operating profit for the year, but also faced questions on the company’s emissions scandal at the company’s annual shareholder meeting.
Former Audi CEO Stadler faces diesel fraud charges in German court
The trial could cause unease for VW Group and Audi if defendants or witnesses contradict VW’s defense that top executives were unaware of engine manipulation uncovered by U.S. regulators five years ago.
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“We have made the very difficult decision to begin the process of reducing our workforce at our Parks, Experiences and Products segment at all levels,” a Disney executive announced.