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Audi CEO to be released, over 4 months after arrest

Key Points
  • A German court has ordered the release of former Audi CEO Rupert Stadler, more than four months after he was arrested in an investigation into the manipulation of diesel emissions controls.
  • The Munich state court said Tuesday it lifted an arrest warrant against Stadler, ruling that it was "justifiable" on condition that he refrain from contact with people relevant to the investigation.
Rupert Stadler, former head of German automaker Audi. 
Sean Gallup | Getty Images

A German court has ordered the release of former Audi CEO Rupert Stadler, more than four months after he was arrested in an investigation into the manipulation of diesel emissions controls.

The Munich state court said Tuesday it lifted an arrest warrant against Stadler, ruling that it was "justifiable" on condition that he refrain from contact with people relevant to the investigation. He will have to post an unspecified bail payment.

Prosecutors ordered Stadler's arrest in mid-June over fears he might try to evade justice. A week earlier, authorities searched his private residence on suspicion of fraud and indirect improprieties with documents.

Stadler was suspended at his own request after his arrest. Audi's parent company, Volkswagen, on Oct. 2 announced an agreement with Stadler for him to leave the automaker.

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Key Points
  • UBS believes Tesla's lead in electric vehicle technology may last longer after seeing Audi's latest offering.
  • The Audi "e-tron underscores that catching up with Tesla is more difficult than expected by many," analyst Patrick Hummel says.