Emissions-cheating probe into Porsche escalates

• A senior executive at Porsche (OTCPK:POAHY, OTCPK:POAHF, VLKAY) was taken into custody by German police in a raid related to Volkswagen's emissions scandal.
• The raid included Porshche offices and factories in different parts of Germany.
• Sources say former Porsche board member Michael Steiner is one of the targets of the investigation.
• Porsche denies any wrongdoing at the company in relation to the emissions cheating allegations.