Stadler's arrest follows numerous others across the globe and comes just a week after German authorities fined the Volkswagen Group more than $1.6billion over the scandal. "We will comment on this later". Before becoming Audi CEO in 2007, Stadler worked as chief of staff to VW's former chairman Ferdinand Piech. Volkswagen's supervisory board has been scheduled to meet on the same day; the board is expected to discuss the diesel investigation and Stadler's arrest. The company has earmarked more than 27 billion euros ($31 billion) in fines, buybacks and costs. He resigned in the days following the breakout of the scandal and was indicted in US federal court in Detroit in May this year.
"His arrest is another low point in VW's diesel saga", said Evercore ISI analysts, who have criticized the company for being slow to reform. The arrest has been made in connection with Audi's parent company Volkswagen's role in emissionsgate (dieselgate).
Former VW chief executive Martin Winterkorn stepped down soon after the scandal broke in September 2015, while successor Matthias Mueller was hastily replaced earlier this year.
Munich prosecutors said they had acted because of risk that Stadler might seek to suppress evidence, CNN said. The executive was arrested at his home in Ingolstadt.
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Nikki Haley - faces challenges from Haley administration veteran Catherine Templeton, businessman John Warren and others. Nationwide, Democrats are hopeful a "blue wave" of Democratic challengers can upend Republican incumbents in November.
"The presumption of innocence remains in place for Mr. Stadler", Audi said. The stock fell as much as 4.1 percent, its biggest intraday drop since February.
It is worth mentioning here that Volkswagen's luxury vehicle brand Audi has earlier faced suspicions that its engineers had developed a software used in the diesel emission scam.
Prosecutors from Munich carried out searches in the homes of current and former Audi employees on Wednesday as part of an investigation into diesel emission control software cheating by the.
Stadler was CEO of Audi when it admitted to being a part of Dieselgate, yet he held he position in the years that followed.
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But a successful operation would require capturing a city of 600,000 people without inflicting damage that would destroy the port. Neither Saudi and Emirati-backed government forces nor the Huthi rebels show any signs of backing down in the fight for Hodeida.
"The suspect has been seen by a judge, who has ordered him to be remanded in custody", the prosecutors' office said in a statement, published by Reuters. A total of 20 people are under suspicion in the probe.
But investigations are continuing elsewhere.
German prosecutors had earlier confirmed that an arrest warrant issued to his name is based on "concealment of evidence" after conducting a raid at his house last week.
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In a recorded video posted on earlier on Thursday social media, Griezmann said of the announcement that he is simply wanting to reveal the truth.