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Investigation needed into Volkswagen scandal- Sean Crowe TD

2015-09-28 15:33:09| Auto Dealers - Topix.net

Dublin South West representative SeA n Crowe TD has called on Environment and Transport Ministers Alan Kelly and Pascal Donohoe to give a full account to the DA il outlining the implications for Irish motorists arising out of the Volkswagen emissions scandal. "Volkswagen, the German car giant have confirmed that 11 million cars worldwide are potentially involved in the company's car emissions scandal.

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U.S. Investors Sue Volkswagen Over Diesel Emissions Scandal

2015-09-28 15:28:00| Automakers - Topix.net

Volkswagen AG was accused in a lawsuit of scheming to defraud U.S. investors who paid artificially inflated prices for the company's foreign shares while it cheated on vehicle emissions tests. In what may be the first investor suit over Volkswagen's use of so-called defeat device software to pass smog tests, a Michigan pension fund alleges that holders of the company's American depositary receipts lost hundreds of millions of dollars.

Tags: sue diesel investors volkswagen

 
 

The Volkswagen Scandal: We Have Been Here Before

2015-09-28 14:54:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: In the frenzy of coverage of the outrageous Volkswagen use of sophisticated computer techniques to shut down the pollution controls on 11 million of VWs TDI diesel automobiles once they were no longer sitting in a test facility, only a few have noted that this is not the first such episode--although the last one involved mostly American companies, not German and trucks, not cars. After the VW scandal, people don't trust big companies http://t.co/3S5c96WHn5 pic.twitter.com/qod9c4xBUq -- The...

Tags: here before volkswagen scandal

 

If scandal goes beyond VW, the wheels will come off an entire industry

2015-09-27 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Everyone does it. These are the words that have often sparked historys great corporate scandals. Companies or industries become detached from reality, and illegal or improper practices become seen as normal. It eventually ends in disaster. This was the case for traders and Libor, and now it could be the case for the automotive industry. At present, only Volkswagen has admitted using a defeat device to rig emissions tests on diesel engines. Other leading carmakers, such as BMW and Daimler,...

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New Volkswagen boss has work cut out for him in wake of test rigging scandal

2015-09-27 08:32:40| Energy - Topix.net

Volkswagen 's new boss began trying to pull the embattled carmaker out of the wreckage of a pollution test rigging scandal Saturday, as the United States and Switzerland halted the sale of the group's new diesel cars. The 62-year-old former Porsche chief Matthias Mueller was tapped Friday to replace Martin Winterkorn, who resigned over stunning revelations by US environmental authorities that the German carmaker had fitted some of its diesel cars with software capable of cheating environmental tests.

Tags: of work test cut

 

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