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The Latest: VW board meeting to discuss financial strategy

FILE - In this Sept. 22, 2015, file photo, the logo of Volkswagen at a car is photographed during the Car Show in Frankfurt, Germany. VW has until Friday, Nov. 20, 2015 to submit a draft plan to fix four-cylinder diesels to the U.S. Environmental Protection Agency and the California Air Resources Board, the two agencies that forced the German automaker to admit to the cheating. (AP Photo/Michael Probst, File)
FILE - In this Sept. 22, 2015, file photo, the logo of Volkswagen at a car is photographed during the Car Show in Frankfurt, Germany. VW has until Friday, Nov. 20, 2015 to submit a draft plan to fix four-cylinder diesels to the U.S. Environmental Protection Agency and the California Air Resources Board, the two agencies that forced the German automaker to admit to the cheating. (AP Photo/Michael Probst, File) FILE - In this Sept. 22, 2015, file photo, the logo of Volkswagen at a car is photographed during the Car Show in Frankfurt, Germany. VW has until Friday, Nov. 20, 2015 to submit a draft plan to fix four-cylinder diesels to the U.S. Environmental Protection Agency and the California Air Resources Board, the two agencies that forced the German automaker to admit to the cheating. (AP Photo/Michael Probst, File)

By Associated Press 1 min read

BERLIN (AP) – The latest developments in Volkswagen’s emissions scandal. All times local:

10:10 a.m.

Volkswagen’s board of directors is meeting at company headquarters in Wolfsburg to discuss the automaker’s future financial strategy in the wake of revelations it rigged vehicles to cheat emissions tests.

The dpa news agency reported that the 20-member board began meeting Friday morning behind closed doors to talk about how to best balance savings and investment.

Volkswagen in September admitted it rigged emissions tests for four-cylinder diesel engines on 11 million cars worldwide, including almost 500,000 in the U.S.