Probe as VW shares soar over two days

German financial regulators are to investigate after shares of car maker Volkswagen soared an eye-popping 82%, a day after a similar surge.

Probe as VW shares soar over two days
Wed, 29 Oct, 2008 - 09:10

German financial regulators are to investigate after shares of car maker Volkswagen soared an eye-popping 82%, a day after a similar surge.

Speculation on the reason for the rise centred on a reduced number of shares available and on hedge funds needing to unwind bad bets on the share’s direction.

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