Germany launches criminal probe against VW ex-CEO
Frankfurt
GERMAN prosecutors on Monday announced a criminal probe against Volkswagen's (VW) former boss Martin Winterkorn as Volkswagen Group carmakers Audi and Skoda said more than three million of their vehicles were fitted with software designed to dupe emission tests.
The German government piled on the pressure by urging the embattled car giant to outline by Oct 7 how it planned to resolve the crisis that broke after VW revealed that 11 million of its diesel vehicles worldwide are equipped with so-called defeat devices.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Honda sees full-year profit rising 2.8%
Porsche to open S$100 million ‘experiential centre’ in Changi by 2027
BP keen to buy Tesla supercharging sites for US expansion
SingPost H2 profit up 93.4% at S$66.9 million; proposes S$0.0056 per share final dividend
China’s Zeekr prices US IPO at top of range to raise US$441 million: source
China’s BYD will consider second Europe plant in 2025, executive says