Tuesday Papers: Deutsche Bank in $6bn ‘fat finger’ slip-up
Top stories Financial Times: Deutsche Bank paid $6 billion to a hedge fund client by mistake in a “fat finger” trade on its foreign exchange desk this summer that raises fresh questions about its...
View ArticleWednesday Papers: CBI warns of uncertainty from Brexit
Top stories Financial Times: The CBI has issued a clear message that the UK should remain in the EU - warning that all of the other options present serious disadvantages and “huge” uncertainty. The...
View ArticleRELEASE: Penalty Funds from the Volkswagen Pollution Scandal Should Be Used...
(Source: Center for American Progress) October 19, 2015 Contact: Tom Caiazza Phone: 202.481.7141 Email:tcaiazza@americanprogress.org Washington D.C. - Michael Horn, the president and CEO of Volkswagen...
View Article'Fewer than 10' targeted in VW probe: German prosecutors
German prosecutors said Friday they had identified fewer than 10 suspects in the massive pollution-cheating scandal that has engulfed Volkswagen, as the auto giant announced a drop in worldwide sales....
View ArticleFiat CEO Sees Even More Need for Consolidation After VW Scandal
Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne said Volkswagen AG’s diesel scandal intensifies the need for auto-industry mergers to combat soaring development costs. Fiat...
View ArticleScandal-hit VW needs more than a year to fix all cars
Volkswagen's new boss said Wednesday the auto giant would need more than a year to fix all its pollution-cheating cars, as the company suspended four employees suspected of being behind the global...
View ArticleVolkswagen scandal dampens German investors confidence
BERLIN, Oct. 13 (Xinhua) -- German investors' confidence dropped for the seventh consecutive month in October as the Volkswagen emissions scandal created an additional cause for concern regarding the...
View ArticleVolkswagen Chief Warns of Existential Threat of Cheating Scandal
Volkswagen AG’s next chairman warned that the diesel-emissions scandal could pose an existential threat to the German carmaker, even as Chancellor Angela Merkel said the turmoil won’t have a lasting...
View ArticleVolkswagen appoints CFO as chairman amidst emissions scandal
Amidst a huge scandal and personnel reshuffling, Volkswagen has a new Chairman. Volkswagen, which is embroiled in the biggest scandal of its history, has elected Chief Financial Officer (CFO) Hans...
View ArticleVW plays down hopes of quick answers over emissions cheating
WOLFSBURG, Germany - Volkswagen said on Wednesday it would take time to get to the bottom of its rigging of diesel emissions tests, hours before the carmaker is due to give updates on its findings to...
View ArticleOver 106,000 Irish cars affected by VW scandal
The number of Irish cars affected by Volkswagen’s emissions scandal totals 106,752 after the firm’s Irish operation said 27,404 privately imported used cars currently on Irish roads from Volkswagen,...
View ArticleNumber of Irish cars affected in VW scandal hits 110,000
The number of Irish cars affected by Volkswagen’s emissions scandal totals 106,752 after the firm’s Irish operation said 27,404 privately imported used cars currently on Irish roads from Volkswagen,...
View ArticleVolkswagen hopes to begin recall in January
Volkswagen Group Ireland chief executive Lars Himmer hopes to begin recalling cars affected by the firm’s emissions cheating scandal in January. Mr Himmer says the firm will present a remedy to its...
View ArticleScam to force key changes in VW
For now, the company will review new projects and delay or cancel any that are not considered essential Volkswagen’s new chief executive warned early this week that the financial effect of the...
View ArticleVolkswagen said to have begun rigging select engines in 2008
By Jack Ewing FRANKFURT: Volkswagen began installing software designed to cheat on emissions tests in 2008 after realizing that a new diesel engine, developed at great expense, could not meet pollution...
View ArticleVolkswagen to refit some 11 million cars affected by emissions scandal
Volkswagen has said it will repair up to 11 million vehicles and overhaul its namesake brand following the scandal over its rigging of emissions tests. New chief executive Matthias Mueller said the...
View ArticleThursday Papers: Carney backs Britain’s EU membership
Top stories Financial Times: Bank of England governor Mark Carney supported Britain’s EU membership in a major speech on Wednesday, highlighting its economic benefits while calling for reforms to...
View ArticleRecord sales rev up Daimler in third quarter
German automaker Daimler, constructor of the luxury Mercedes brand, on Thursday saw record unit sales on best ever quarterly earnings, lifting third-quarter operating profit by almost one third. The...
View ArticleVW says second type of engine not fitted with cheating device
German auto giant Volkswagen has reportedly steered clear of a fresh blow in its emissions-rigging scandal after tests found that another type of diesel engine was not fitted with software designed to...
View ArticleFriday Papers: Draghi signals ECB ready to extend QE
Top stories Financial Times: The European Central Bank signalled it would expand its €1.1 trillion quantitative easing programme in December and cut its deposit rate should the slowdown in emerging...
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