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Tag: scandal
Emissions scandal pushes VW into loss
2015-10-28 09:49:40| BBC News | Business | UK Edition
Volkswagen reports a loss in the third quarter of the year after taking a big charge to cover the costs of its emissions scandal.
Tags: loss
emissions
scandal
pushes
Johnson Controls CEO speaks out about scandal, says he barely knew con man
2015-10-26 23:29:03| Automakers - Topix.net
Johnson Controls Inc. CEO Alex Molinaroli says he knew virtually nothing about Joseph Zada when he trusted him with "a substantial amount of money" - funds that later disappeared in a $50 million Ponzi scheme. Johnson Controls Inc. CEO Alex Molinaroli said he knew virtually nothing about Joseph Zada when he trusted him with "a substantial amount of money" - funds that later disappeared in a $50 million Ponzi scheme.
Tags: man
con
johnson
controls
Volkswagen Loses Global Sales Lead to Toyota Amid Diesel Scandal
2015-10-26 11:16:58| Auto Dealers - Topix.net
Volkswagen AG lost the lead in global auto sales to Toyota Motor Corp. after claiming the No. 1 spot three months ago, as the German carmaker braces for consumer blowback from a widening emissions-cheating scandal.
Tags: sales
global
lead
toyota
VW suspends more engineers in emissions scandal
2015-10-26 02:32:24| Automakers - Topix.net
Volkswagen AG has suspended a larger number of engineers than previously acknowledged--from board-level executives to low-level technicians--following a recommendation from the law firm conducting an internal investigation into the auto maker's emissions cheating scandal, according to a person familiar with the matter. Volkswagen commissioned Jones Day, a U.S.-based law firm with offices in Germany, last month to conduct an investigation into how illegal software used to dupe emissions tests in the U.S. and Europe could have been installed on nearly 11 million vehicles.
Tags: engineers
emissions
scandal
suspends
VW Widens Suspensions in Emissions Scandal
2015-10-25 22:25:25| Automakers - Topix.net
Volkswagen AG has suspended a larger number of engineers than previously acknowledged following a recommendation from the law firm conducting an internal investigation into the auto maker's emissions cheating scandal, according to a person familiar with the matter.
Tags: emissions
scandal
suspensions
widens
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