Volkswagen shares slide after US government sues automaker

January 5, 2016 9:43 AM

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FRANKFURT, Germany — Shares in Volkswagen AG are sliding after the U.S. Justice Department sued the German automaker over emissions-cheating software fitted to diesel vehicles.

Volkswagen’s shares were 3.1 percent lower at 122.45 euros ($133.05) in Frankfurt trading on Tuesday morning — easily the worst performer on the DAX index of blue chip stocks, which was 0.4 percent higher overall.

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