UPDATED: 6/19/18 10:33 am ET -- adds Audi statement

Audi suspends Stadler, installs Schot as interim CEO

Audi suspended CEO Rupert Stadler and appointed Bram Schot as an interim replacement effective immediately, a day after Stadler's arrest in connection with a diesel emissions probe in Germany.

UPDATED: 6/19/18 10:33 am ET -- adds Audi statement

VW could face further fines from German authorities

VW could face additional fines in Germany on top of the 1 billion euros it has been told to pay for management lapses that caused emissions cheating on 11 million VW diesel cars.

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