Volkswagen owners close ranks as investors vent fury over crisis

By Andreas Cremer HANOVER, Germany (Reuters) – Volkswagen's top shareholders closed ranks behind management on Wednesday, defying a torrent of criticism from smaller investors about the German carmaker's emissions test cheating and its response to the scandal. Europe's largest automaker was holding its first annual shareholder meeting since admitting in September to rigging U.S. diesel emissions tests in a scandal that risks costing it tens of billions of dollars. Poetsch, who is also VW's former finance chief, repeated an apology to investors for the emissions test cheating.

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Volkswagen owners close ranks as investors vent fury over crisis