Shares of Volkswagen Group decreased by 4% in trading on Wednesday, after it was published analysts warning that the corporation can further reduce dividends on the background of growing number of inspections due to manipulation with toxic emissions of diesel vehicles.
According to source, who owns the confidential information, the US Department of Justice sent a subpoena within the investigation to representatives of the German company. After such information Volkswagen shares failed by 4%, but in the afternoon resumed their growth, have risen by 0.67%. Recall that in early September 2015 a number of countries began an investigation relative to the autoconcern after that the company acknowledged that they engaged in installation of programs on cars that allows to reduce indicators of harmful emissions. One of DZ Bank analyst Michael Punzeta believes that news about the deepening of investigation scared off investors. "Expansion of investigation can lead to a significant reduction of dividends, than market currently predicts", - Punzeta said.
Earlier this year, the US Department of Justice filed a lawsuit against Volkswagen by $46 billion for the transgression of laws in the field of environmental protection. Corporation has also received more than 500 claims from American car owners.