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VW stock: Espionage at supplier Prevent

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The dispute between Volkswagen and its supplier Prevent could be taken right out of a Thriller: Apparently VW spied on Prevent employees. They even investigated on the employees’ private life. While VW confirmed research in an official statement, they claimed that they did not trespass any legal boundaries. Futhermore, the concern denied any espionage.

Prevent and VW are fighting for a while already: VW reversed orders, while Prevent stopped supply. In March 2018 Prevent had to give notice to several employees in Schönheide, Plauen und Stendal, because of cancelled contracts by VW. Prevent expects VW boss, Herbert Diess, to clarify on the espionage accusations.

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