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German prosecutors charge ex-Porsche chiefs

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German prosecutors charge ex-Porsche chiefs

BERLIN (AP) — German prosecutors have charged two former Porsche executives with market manipulation in connection with the sports car company’s failed takeover of Volkswagen AG, officials said Wednesday.

Prosecutors in Porsche’s home city of Stuttgart accuse former chief executive Wendelin Wiedeking and ex-chief financial officer Holger Haerter of making misleading statements about the company’s intentions in 2008.

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