Search Results for: Volkswagen
EU countries warn of Volkswagen scandal fallout
October 21st, 2015
Several EU member states including major automaker France will urge Europe’s pollution regulator to thoroughly assess the consequences of the Volkswagen emission scandal, according to a document seen by AFP Monday. “The environmental dimension needs to be clearly assessed ...
Volkswagen hits metals
October 20th, 2015
Prices of platinum – used in engines – have tumbled since the scandal broke. PLATINUM prices have plunged since the Volkswagen emissions scandal broke, as investors have shifted into its sister metal palladium – with the latter’s price rising ...
Shareholder lawsuit against Volkswagen in Germany
October 9th, 2015
US litigation powerhouse Quinn Emanuel Urquhart & Sullivan has been instructed in a shareholder lawsuit against car maker Volkswagen (VW) after the company lost as much as $33bn in market value in ten days after it admitted to cheating emissions tests. ...
Volkswagen Stock Chart Is Looking Like BP’s After Oil Spill
October 7th, 2015
Technical analysts say recovery in VW shares will take years BP shares are still 42 percent below their high of 2010 An ominous chart pattern that formed in shares of BP Plc after its 2010 oil spill is now ...
Volkswagen tells German parliament 8M cars have been fitted with emissions cheat device in EU alone
October 6th, 2015
Volkswagen has admitted that eight million cars in the European Union alone have been fitted with software to cheat emissions tests. The carmaker sent a letter to German parliament members on 2 October, co-signed by VW’s current chief lobbyist, and former government spokesperson, ...
From Volkswagen to China: What Might Derail Germany’s Growth
October 5th, 2015
German economy seen expanding 1.9% in 2015 and 2% in 2016 Focus on domestic demand amid vulnerable export outlook Europe’s economic powerhouse is facing a test of might. Germany’s trademark industrial prowess has been called into question by Volkswagen AG’s ...
Volkswagen CEO Promises Action on Emissions Scandal in Letter
September 28th, 2015
Matthias Müller wasted no time asserting his authority after Volkswagen AG tapped the chief of its Porsche sports car unit last week to take the helm of the entire group. He has promised investors and customers a thorough investigation into the emissions cheating ...
Volkswagen bigger risk for Germany than Greek crisis
September 24th, 2015
Volkswagen could pose bigger threat to German economy than Greek crisis The Volkswagen (VOWG_p.DE) emissions scandal has rocked Germany‘s business and political establishment and analysts warn the crisis at the car maker could develop into the biggest threat to ...
European stocks rise despite China fears, Volkswagen up 4%
September 23rd, 2015
European stocks were trading higher on Wednesday in what has been a choppy morning of trade amid renewed fears over the health of the Chinese economy and continued fallout from the Volkswagen emissions scandal. The pan-European STOXX 600 was up was ...
Volkswagen Drops 22% After Admitting Diesel Emissions Cheat in U.S.
September 21st, 2015
Shares drop most in almost seven years in trading on Monday CEO said on Sunday he’s “deeply sorry” for broken trust Volkswagen AG dropped the most in almost seven years after it admitted to cheating on U.S. air pollution tests ...
