VW supervisory board backs endorsement of former top managers: source

Volkswagen's supervisory board on Tuesday stood by its recommendation that top management's actions be endorsed by shareholders, a person familiar with the matter said, even as German prosecutors launched a new probe against a current and a former top executive. Volkswagen's supervisory and management boards on May 11 recommended that shareholders ratify actions taken by the management board in 2015, since an investigation of the carmaker's emissions scandal had until then failed to uncover potential wrongdoing by senior managers. The two boards said at the time that the proposed resolution was based on the condition that management board members were not implicated in wrongdoing.