INVESTOR ALERT: Investigation of Volkswagen AG Announced by Law Offices of Howard G. Smith

BENSALEM, Pa.--(BUSINESS WIRE)--

Law Offices of Howard G. Smith announces an investigation on behalf of investors of Volkswagen AG ("Volkswagen" or the "Company") VLKAY VLKPY concerning the Company's and its officers' possible violations of federal securities laws in connection with Volkswagen's alleged intentional misleading of U.S. authorities regarding its compliance with emissions standards.

Volkswagen admitted to systematically cheating on U.S. air pollution tests for years, leaving the automaker vulnerable to billions in fines and possible criminal prosecution. The Company allegedly sold diesel Volkswagen and Audi cars with software that turns on full pollution controls only when the car is undergoing official emissions testing. However, during normal driving, the Company's cars can pollute 10 times to 40 times the legal limits. U.S. authorities could fine the Company $37,500 per vehicle, and with 482,000 vehicles as part of the investigation, the total fine could be $18 billion. On news of the alleged fraud, the Company's shares declined sharply in value thereby damaging investors.

If you purchased Volkswagen securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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