California Air Resources Board

Volkswagen shares skid 13% on false emission scam in US

Shares in German auto giant Volkswagen fell more than 13 percent on the Frankfurt stock exchange on Sept. 21 after it emerged some of its diesel cars in the United States had been fitted with software that gave false emissions data.

In the first few minutes of trading, VW shares fell by as much as 13.23 percent to 140 euros in a slightly lower market.