Searches carried out at Continental’s German offices

Searches carried out at Continental’s German offices

October 22, 2020 0 By autotimesnews

The authorities do not exclude the company’s participation in the scandal with diesel cars Volkswagen, which was named Dieselgate.

Continental said Thursday that prosecutors raided its offices in the German cities of Hanover and Regensburg on September 22 as part of an ongoing investigation into low-emission devices for Volkswagen’s diesel vehicles.

Continental’s management declares that it is cooperating with the German authorities. In July, Hannover’s prosecutors ransacked Continental, investigating its role in supplying engine components for Volkswagen’s 1.6-liter diesel engine, which had exceeded emission limits and masked the inflated figures with illegal software.

At the time, prosecutors ransacked premises in Hanover, Regensburg, Wolfsburg, Gifhorn, Berlin, Frankfurt and Nuremberg and investigated Continental employees for incitement to fraud and the provision of false documents.

Continental executives on Wednesday warned that they would post a third-quarter loss when they release financial statements on November 11.