Volkswagen Shares Plunge After Halt in Some U.S. Sales

September 21, 2015 1:31 PM

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Volkswagen Shares Plunge After Halt in Some U.S. Sales

FRANKFURT — Volkswagen shares plunged here on Monday, after the German automaker said it would halt sales of cars in the United States with the types of motors that had led regulators to accuse the company of illegally installing software to evade standards for reducing smog.

The shares had fallen nearly 20 percent by early afternoon. But those publicly traded, or preferred, shares represent only about 10 percent of the company’s equity. The bulk of the ownership, and the voting rights, is controlled by the company’s largest shareholders, which include the Porsche family...

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