VW board gathers for crisis meeting

Senior directors of Volkswagen are due to meet to discuss what action to take after the company was caught manipulating its diesel car emissions tests.

Volkswagen faces multiple probes in the US by the Department of Justice, which could result in huge financial losses for the firm.

The German carmaker has admitted it deceived US regulators in exhaust emissions tests and there is speculation over the future of VW chief executive Martin Winterkorn.

Reports in Germany suggest Mr Winterkorn has lost the support of key investors, following the revelation that the firm installed a device to circumvent emission test requirements for diesel cars in the US.

Volkswagen has said 11 million vehicles worldwide are involved and it is setting aside €6.5bn (£4.7bn) to cover costs of the scandal.