Shares in auto giant Volkswagen continued to slide on Monday, shedding more than six percent, as the scandal over rigged pollution tests shows no signs of abating.

In late morning trade on the Frankfurt stock exchange, VW shares -- which took a battering last week after the company admitted to installing emission-test cheating devices in its diesel engines -- plunged 6.6 percent to an intraday low of 100.20 euros.