Search Results for: Volkswagen
Asian shares mixed, with Nikkei at 2-week lows
September 24th, 2015
Asian shares traded mixed on Thursday, with Japan’s Nikkei 225 index lagging behind its regional peers after returning from a three-day national holiday earlier in the week. The triple whammy of an uninspiring lead from Wall Street overnight, a modestly stronger yen and ...
VW scandal: what the emissions revelations mean
September 23rd, 2015
The carmaker’s rigging of emissions data in the US could have serious repercussions around the world – and not just for Volkswagen What has Volkswagen done? The US Environmental Protection Agency (EPA) said on Friday that Volkswagen had installed illegal ...
VW emissions probe spreads to Asia
September 22nd, 2015
The South Korean government said that it will start an investigation into Volkswagen’s (VW) diesel cars after the automaker admitted to rigging emissions tests in the US. The government said it would test up to 5,000 VW Jetta and ...
Shanghai Composite widens losses as US futures tank
August 31st, 2015
Mainland equities lost as much as 3.7 percent on Monday while Dow futures tanked more than 200 points on reports that Beijing may finally halt its controversial market intervention. A report by The Financial Times over the weekend said that Beijing will abandon large-scale share ...
ASIC bans Sydney finance broker and cancels licence
May 7th, 2015
ASIC has banned a Sydney finance broker from engaging in credit activities for three years and cancelled her Australian credit licence. An ASIC investigation found that Ms Siv Lim of Cabramatta had arranged credit for customers of a Parramatta ...
Fiat Chrysler launches $2.5 billion mandatory convertible bond, share offer
December 5th, 2014
Fiat Chrysler Automobiles (FCA) (FCHA.MI) (FCAU.N) said on Thursday it had launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan. ...
VW Drives for Gains in Southern China
November 26th, 2014
Volkswagen AG is taking market share from other foreign auto makers in relatively wealthy southern China, as a slowdown in the world’s No. 1 car market intensifies competition. Southern China—the first part of the country to get rich after Beijing ...
India regulator fines carmakers $420 million for anti-competitive practices
August 26th, 2014
India’s pricing regulator has fined more than a dozen global and local carmakers a total of 25.5 billion rupees ($420 million) after a probe found they had engaged in anti-competitive practices in the world’s sixth largest auto market. The ...
China Regulators: Qualcomm Seeks to End Antitrust Probe
August 22nd, 2014
U.S. chipmaker Qualcomm Inc is seeking to end an investigation by China’s pricing regulator into monopoly practices, the company said on Friday, expressing its willingness to improve and correct pricing issues according to the regulator. The National Development and ...
Audi faces penalty in China
August 13th, 2014
Volkswagen (VOWG_p.DE)’s premium auto unit Audi on Wednesday said it would accept a penalty and change management processes at one of its China units after a regional authority said it had discovered violations of anti-monopoly laws. “According to investigations ...
