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Volkswagen chief Winterkorn resigns

2015-09-23 17:44:29| BBC News | Business | UK Edition

Volkswagen chief executive Martin Winterkorn resigns following the revelation that the carmaker manipulated US diesel car emissions tests.

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Volkswagen Scandal Opens Door to Possible Fiat Takeover

2015-09-23 16:04:58| Automakers - Topix.net

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Volkswagen scandal: Even textbook crisis management can't save VW

2015-09-23 15:58:06| Biotech - Topix.net

First, act fast. Second, take responsibility . Third, declare the crisis over and use your successful response to rebuild trust and brand equity as quickly as possible.

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Germany Probing Possible Trading Irregularities in Volkswagen Shares

2015-09-23 15:05:00| Automakers - Topix.net

Germany's financial watchdog BaFin on Wednesday said it is investigating possible trading irregularities in Volkswagen AG shares, and whether the car maker was obliged to disclose information regarding its emissions scandal sooner than it did after its shares dropped sharply over the past two days. BaFin, the German securities supervisor based in Frankfurt, is examining market developments for indications of potential insider trading or other manipulation.

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Volkswagen says 11 mln cars hit by scandal

2015-09-23 10:55:22| Automakers - Topix.net

Volkswagen AG said a scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars around the globe as investigations of its diesel models multiplied, heaping fresh pressure on CEO Martin Winterkorn. The world's largest automaker said it would set aside 6.5 billion euros in its third-quarter accounts to help cover the costs of the biggest scandal in its 78-year-history, blowing a hole in analysts' profit forecasts.

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