Porsche's Head of Powertrain Development Arrested

Porsche's Head of Powertrain Development Arrested

By REUTERS APRIL 20, 2018, 6:13 A.M. E.D.T.

HAMBURG — German police have arrested the head of powertrain development at Volkswagen's Porsche business and he is being held on remand as he was seen as a flight risk, a person familiar with the matter said on Friday.

A spokesman for Porsche declined to comment.

German daily Bild am Sonntag earlier cited an internal memo from Porsche Chief Executive Oliver Blume to staff as saying a manager had been arrested.

Prosecutors are investigating current and former employees of Porsche, including a management board member, as part of their inquiries into emissions manipulations.