American movie studio Paramount has teamed up with Leonardo DiCaprio’s production company to acquire the movie rights to the Volkswagen diesel emission scandal story.

New York Times journalist Jack Ewing had previously sold a book proposal on the story to publishers Norton, and now Paramount and DiCaprio’s Appian Way production house have picked up its movie contract.

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According to Reuters, the book will investigate how an ethos of “more, better and faster” contributed to one of the greatest frauds in modern corporate history. 

The company admitted to rigging diesel emissions tests in the US, while German politicians said it had done so in Europe too. 

The scandal has plagued the 78-year-old vehicle manufacturers’ name and wiped more than a third off its share price. 

VW’s long time CEO has resigned and investigations have begun around the world.

DiCaprio produced and starred in The Wolf of Wall Street through his production company.

No actors or directors have been attributed to the movie as yet.