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The Latest: Shares in German car companies rise as VW board meets to discuss new CEO

In this March 12, 2015 picture Volkswagen CEO Martin Winterkorn, right, and Porsche CEO and member of the board of Volkswagen, Matthias Mueller, left, pose for the media beside a car prior to the company's annual press conference in Berlin, Germany. Volkswagen’s supervisory board is meeting Friday, Sept. 25, 2015 to discuss who to name as CEO after Martin Winterkorn quit the job. Matthias Mueller, the 62-yead-old head of VW’s Porsche unit, emerged as one of the favorites.  (AP Photo/Michael Sohn)

In this March 12, 2015 picture Volkswagen CEO Martin Winterkorn, right, and Porsche CEO and member of the board of Volkswagen, Matthias Mueller, left, pose for the media beside a car prior to the company's annual press conference in Berlin, Germany. Volkswagen’s supervisory board is meeting Friday, Sept. 25, 2015 to discuss who to name as CEO after Martin Winterkorn quit the job. Matthias Mueller, the 62-yead-old head of VW’s Porsche unit, emerged as one of the favorites. (AP Photo/Michael Sohn)  (The Associated Press)

The latest developments on the Volkswagen emissions scandal. All times local.

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10:55 a.m.

Shares in German carmakers are leading a rebound in the country's stock market.

The DAX index is up 2.6 percent in morning trading, helped by a 4 percent rise in shares in BMW AG. The company had seen a big drop the day before on a report that one of its models exceeded European emissions limits. The report did not allege any cheating by BMW.

Shares in Volkswagen, which plunged early in the week before stabilizing, were up 1.5 percent as its board meets to find a new CEO and discuss the scandal.