: Volkswagen share market nightmare showed the first signs of lifting as its stock steadied a little in early trade in Frankfurt, following a two-day freefall that had axed 35 per cent, or 25 billion euros , off the company market value, according to Nine News Australia. By mid-morning the shares were up 2.1 per cent at 108.50 euros. The job of Volkswagen chief executive hangs in the balance over a pollution cheating scandal that has sparked a US criminal investigation and worldwide legal action with unfathomable financial consequences for the car giant. However, the world largest car maker by sales in the first half of this year still faces a growing tangle of legal threats after it admitted that as many as 11 million of its diesel cars worldwide are equipped with software capable of fooling official pollution tests. Winterkorn offered his "deepest apologies" over the revelations on Tuesday."I am infinitely sorry that we have disappointed people trust. Volkswagen board began a crisis meeting on Wednesday that could decide the future of chief executive Martin Winterkorn, the German news agency DPA reported.
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