Leonardo DiCaprio and Volkswagen AG (ADR) (OTCMKTS:VLKAY)
Leonardo DiCaprio and Jennifer Davisson have come on board to produce Paramount’s movie about the Volkswagen clean diesel scandal. The duo are producing through their Appian Way banner. There are no acting or directing attachments yet.
Paramount has acquired movie rights to Jack Ewing’s upcoming book, which will detail the scandal in which the company placed illegal software in their clean diesel cars that could tell when a car was being tested for fuel emissions and would turn on the emissions control to cheat the test and meet EPA standards. Volkswagen is currently facing up to 18 billion in fines from the U.S. Environmental Protection Agency.
The scandal has rocked the automotive company, with Volkswagen’s stock plunging, and called into question the future of the German automotive industry. The scandal has also damaged VW’s reputation and led to the resignation of CEO Martin Winterkorn. DiCaprio’s producing credits include The Wolf of Wall Street, Runner Runner and Out of the Furnace. He will be seen next in Alejandro Gonzalez Inarritu’s drama The Revenant.
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