Volkswagen share tears up

- At the fair in Frankfurt was the price of Volkswagen today on the rise because of the hope that the troubled German car group can reach a settlement in the US about the shoddy diesel engines.

The share of VW was massively embraced by investors, rose as much as 6.2% in late response to statements made by the German company Tuesday that in the US a lawsuit may not be necessary, reports the Belgian newspaper De Tijd.

On April 21 expires a deadline imposed by a US court to Volkswagen to reduce emissions of the modified diesel engines.

Volkswagen's long been burdened by the scandal with the emissions of diesel engines was discovered in America last year.