Burst! "Diesel Door" in Suspected Fraud, Audi CEO Stead was arrested


At the beginning of 2018, German prosecutors stepped up their investigation of the Audi exhaust gas fraud scandal. Last week, German prosecutors formally searched the residence of Stade, chairman of the management board of Audi AG, which caused an uproar from the outside world. According to Reuters, Stade was formally arrested by the German prosecution on June 18, which also marks a climax for the German prosecution's investigation storm.

Citing a German prosecutor in Munich, Stade was formally arrested at home early this week (June 18). The investigators suspect that he may try to hide the evidence related to the investigation of the “Diesel Gate” incident. This is also the highest level of senior executives arrested by the Volkswagen Group in the “Chemer Door” emission detection cheating.

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The Munich Prosecutor's Office said in a statement: "As part of the investigation of the 'Diesel Gate' incident, local German judges ordered the arrest of Stade to prevent him from interfering with prosecutors' investigation of the 'Diesel Gate' incident. Munich Prosecutor's Office An arrest warrant was issued on Professor Stadeler on June 18, 2018."

Last week, the German prosecutor's office in Germany increased the investigation of Audi. The Volkswagen Group and Audi also confirmed that Ted was arrested on the morning of June 18 and added that the presumption of innocence was applicable to Stade's case. The Munich prosecutor's office and Stade himself commented.

A spokesman for the Volkswagen Group stated that Stade’s arrest will be discussed at the VW Group’s supervisory board on Monday. Regardless of how much support Stade had previously received from the Supervisory Board, the emergency meeting would have only one result: resignation.

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In May this year, the U.S. government filed criminal proceedings against former Volkswagen CEO Wendyn, but he is unlikely to face U.S. authorities because Germany will not extradite its nationals to countries outside the EU. Munich prosecutors said that Stade was arrested not under the pressure of the U.S. authorities. At present, the Munich prosecutor's office is investigating 20 suspects and has searched the houses of Stade and other current board members.

According to sources, Stead was also accused of fraud and “false certification”. The prosecutors believed that Steader still approved the sale of cheating vehicles before the “Diesel Gate” was made public. According to another report, since the public scandal in 2015, Audi has sold 220,000 cheat models and has played a greater role in the development of cheating software. Before this, Stead has always denied systematic cheating.

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In fact, after Stade was investigated, the Volkswagen Group has paid a fine of 1 billion euros for the emission scandal, and the Volkswagen Group has also issued a statement on the official website that it will accept a German fine of 1 billion euros made by the prosecutors. After Stade was arrested this time, the foreign media believed that the Munich prosecutors will impose similar fines on Audi.

Stade’s arrest or Audi’s biggest troubles compared to unspecified fines. As we all know, Stead is currently occupying a high position in the Volkswagen Group, and is not only the Audi brand's number one, but also the Volkswagen coach Dee's "Left right arm" - in the Volkswagen Group's board of directors, responsible for sales of the Volkswagen Group.

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While bringing more uncertainties to the Group, Audi's development is also facing more variables. Prior to his arrest, Stead has been working hard with the company to prepare for the “Electrification Strategy” in response to the next phase of Audi's challenge. Stade said that by 2025, Audi plans to sell 800,000 electric cars and plug-in hybrid cars, that is, for every three Audi cars sold, one will be an electric car.

For the Chinese market far from the other side of Asia and Europe, Stead has also publicly expressed his high expectations. At the beginning of June, Stead was also present at the 2018 Audi Brand Summit in China and even sensationally stated: "After 30 years of deepening the Chinese market, every time I come to China, I will return to my hometown."

Perhaps Stade really wants to return to the hometown where there was no “diesel door”.



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