This picture taken on Sept. 28, 2015 shows the logo of German car maker Volkswagen (VW) is seen at the entrance to a VW branch in Duesseldorf, western Germany. AFP PHOTO / PATRIK STOLLARZ.
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German prosecutors raided Volkswagen's headquarters and other offices on Thursday as part of their investigation into the carmaker's rigging of diesel emissions tests.The biggest business crisis in Volkswagen's 78-year history has wiped more than a third off its share price, forced out its long-time chief executive, prompted investigations across the world and rocked both the car industry and German establishment.Later on Thursday, the company's top U.S. executive will tell a panel of U.S. lawmakers he knew the carmaker might be breaking U.S. emissions rules as long as 18 months before it admitted cheating diesel tests to regulators.Germany's Sueddeutsche Zeitung newspaper reported on Thursday that Volkswagen's manipulation software was switched on in Europe, citing a company spokesman.Some analysts have questioned whether new Chairman Hans Dieter Poetsch and new CEO Matthias Mueller, both company veterans, will introduce the sweeping changes in business practices they think are necessary to restore Volkswagen's reputation.Horn, reaffirmed in his position by Volkswagen on Sept. 25, also said in his testimony Volkswagen had withdrawn its U.S. certification application for some model year 2016 vehicles over a software feature that should have been disclosed to regulators as an auxiliary emissions control device.
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