European stocks sink on China downgrade, VW scandal
European stock markets tumbled Tuesday with carmakers and miners in freefall on the worsening Volkswagen scandal and a bleak outlook for China`s economy, dealers said.
Sep 22, 2015, 21:59 PM IST
Volkswagen faces US criminal probe on cheating scandal: Source
The United States has opened a criminal investigation into Volkswagen, which has admitted almost 500,000 of its cars in the US have a clean-air cheating device, a source close to the probe told AFP Tuesday.
Sep 22, 2015, 21:54 PM IST
CEO Martin Winterkorn not leaving: Volkswagen
"Nonsense," a spokesman at the company`s headquarters in Wolfsburg said on Tuesday when asked whether the report by German Tagesspiegel was true.
Sep 22, 2015, 18:31 PM IST
Volkswagen to dismiss CEO Martin Winterkorn over scandal: Paper
Volkswagen will dismiss Chief Executive Martin Winterkorn, a German newspaper said on Tuesday, after the carmaker admitted to cheating US vehicles emissions tests and said 11 million of its cars could be affected worldwide.
Sep 22, 2015, 18:20 PM IST
Volkswagen scandal: We 'screwed up', says US chief Michael Horn
The chief executive of Volkswagen America, Michael Horn, used unusually candid language to apologize and admit wrongdoing after the German car giant was caught cheating in US pollution measuring tests.
Sep 22, 2015, 17:32 PM IST
Volkswagen says 11 million cars have pollution cheating device
German auto giant Volkswagen revealed Tuesday that 11 million diesel cars worldwide are equipped with devices that can cheat pollution tests, a dramatic expansion of a scandal that immediately sent its shares plummeting by another 20 percent.
Sep 22, 2015, 17:26 PM IST
Berlin to probe whether VW, others falsified emissions data in Germany
The German government asked carmakers for information on Monday to ascertain whether they were involved in falfsifying car emissions data, as Volkswagen has admitted to doing in the United States.
Sep 21, 2015, 19:10 PM IST
Volkswagen says to halt sales of VW, Audi diesel cars in US
The models concerned accounted for 23 percent of VW brand cars sold in the United States in August. Between January and August, the group sold nearly 240,000 cars in the US.
Sep 21, 2015, 18:57 PM IST
Volkswagen shares end day 17.14% lower on false emission data scam
Shares in German auto giant Volkswagen ended the day 17.14 percent lower on the Frankfurt stock exchange on Monday after it emerged that nearly half a million of its diesel cars in the United States had been fitted with software that falsified emissions data.
Sep 21, 2015, 16:39 PM IST
