VW Board Backs Chairman, CEO Facing Charges in Diesel Scandal

Volkswagen AG’s supervisory board backed Chief Executive Officer Herbert Diess and Chairman Hans Dieter Poetsch, a day after German prosecutors charged the top managers with market manipulation related to the diesel-emissions scandal.

In a special meeting Sept. 25 called to discuss the prosecutors’ decision, the board also rejected the charges, saying VW complied with disclosure rules, according to a statement.

“The successful cooperation with the supervisory board chairman and the management board chairman will be continued,” VW said. It cited an extensive four-year investigation that failed to uncover intentional misleading of investors about the scope of any potential ...