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Tag: scandal
Emissions scandal taking tool on market value of Volkwagen
2015-09-21 18:25:49| Automakers - Topix.net
Volkswagen AG lost almost a quarter of its market value after it admitted to cheating on U.S. air pollution tests for years, putting pressure on Chief Executive Officer Martin Winterkorn to repair the reputation of the world's biggest carmaker. Top supervisory board members will convene on Wednesday, according to two people with knowledge of the plans, who asked not to be named because the meeting is private.
Tags: market
taking
tool
emissions
Volkswagen faces penalties for diesel emissions scandal
2015-09-21 18:19:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Volkswagen has instructed U.S. dealers to halt sales of 2015 diesel cars after regulators discovered software it designed for the affected vehicles gave false emissions data. The company now faces financial and criminal penalties. The U.S. Environmental Protection Agency (EPA) said on Friday the company had installed illegal defeat device software to cheat emission tests. The software allowed its cars to produce up to 40 times more pollution than permitted. The EPA added that Volkswagen could...
Tags: faces
diesel
volkswagen
emissions
How A Scandal Has Given New Life To United Airlines
2015-09-18 13:33:48| Airlines - Topix.net
While the recent United story is fascinating, the overall forward projection for the airline industry will have much more influence on sustainable equity values. Former United CEO Jeff Smisek has had an interesting life punctuated recently by an explosive resignation.
Ignition switch scandal costs GM $900M
2015-09-18 10:43:50| Automakers - Topix.net
General Motors agreed to pay $900 million to fend off criminal prosecution over the deadly ignition-switch scandal, striking a deal that brought criticism down on the Justice Department for not bringing charges against individual employees.
Tags: costs
switch
scandal
ignition
GM will pay $900 million over ignition switch scandal
2015-09-17 22:16:39| Automakers - Topix.net
The latest on the case involving Anthony "Big Tony" Moscatiello in the mob-connected 2001 slaying of a prominent South Florida businessman during a battle over control of a fleet of gambling ships : The latest on the case involving Anthony "Big Tony" Moscatiello in the mob-connected 2001 slaying of a prominent South Florida businessman during a battle over control of a fleet of gambling ships : Yellow school buses rolled through Seattle's streets and noisy schoolchildren packed playgrounds again as thousands of students started the school year Thursday that was delayed by a weeklong teachers strike.
Tags: pay
million
switch
scandal
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