Another Ex-VW Exec Arrested In Germany Over Emissions

30 September, 2017, 15:48 | Author: Gladys Mathis
  • Former VW engine chief arrested in diesel investigation, report says

It will be recorded as a negative special item in third-quarter results.

The company has been under a cloud since 2015 over its equipping of diesel cars with illegal software that enabled cheating on USA emissions tests.

With the additional charges, the German auto maker has increased its provisions to cover the costs of the diesel scandal to EUR25.1 billion, ($29.67 billion) from EUR22.6 billion previously.

Separately Munich prosecutors made an arrest in connection with the scandal.

German police arrested and detained a man Thursday who had previously been one of Volkswagen Group's highest-ranking engineers, over his role in the company's diesel emissions scandal.

Boeing-Bombardier battle looms over NAFTA talks
Commerce Secretary Wilbur Ross, on a visit to Hong Kong, told reporters that part of the problem was Bombardier's lack of cooperation with the investigation .

'The Voice' Season 14 Premiere: Meet The Judges For 2017 NBC Series
Cyrus seemed to have her mind made up that this country hopeful would be on her team rather than the obvious (i.e. We still can't get over the fact that Shelton and Levine are seemingly more civil with each other this season .

Ryanair to CANCEL 400000 more flights
Shares of Ryanair rose as much as 3 percent, the biggest gain since before news of the pilot crisis first emerged on September 15. Ryanair is cancelling a further 400,000 bookings on 18,000 flights between November this year and March 2018, it has announced.

German media named the arrested suspect as Wolfgang Hatz, who stepped down from his post on Porsche's management board previous year after being suspended over the Dieselgate investigation.

Hatz was head of engine development at Audi from 2001 to 2007, before moving on to lead powertrain development at the VW group and then becoming research and development chief at Porsche, another VW subsidiary. It's unclear if or what he might be charged with, but his arrest seems to be related to ongoing investigations of emission cheating at Audi - another automaker under VW's umbrella that is facing Dieselgate fallout.

In the United States, where the diesel test-cheating scandal originated, the carmaker must also provide hardware fixes and in some cases buy back cars.

Porsche SE, which owns a 30.8 per cent stake in Volkswagen, said the new provisions would also affect its results, but stuck to a wide range for its expected 2017 post-tax profit of between 2.1 and 3.1 billion euros. The money will be put towards plans to buy back or fix 500,000 tainted USA diesel cars after the company reached a settlement with US authorities totaling to more than 5,000 euros per vehicle.

Three months ago, the U.S. Environmental Protection Agency approved planned fixes to Volkswagen's 2-liter engine diesel cars from 2009 through 2014, including the Jetta, Jetta SportWagen, Golf, Beetle, Beetle Convertible and Audi A3 models.



Debra Messing 'Dismayed' With Appearance on Megyn Kelly's Show
The commotion began when Messing joined her colleagues for a cast interview on the premiere of Megyn Kelly Today . Kelly explained she wanted to know because people often reference how "amazing" Fonda looks.

Twitter character limit for tweets may double to 280
Twitter is known for its 140 character limit - yet some users find it challenging to cram all their thoughts into a Tweet . The company said the move was to help users get around the "constraints" posed by certain languages.

Coroner Contradicts Claims Otto Warmbier Was Tortured
His healthy skin and body weight suggest he had "round the clock care" in North Korea - even while in a coma, Sammarco said. The coroner's report, completed earlier this month, was conducted without an autopsy at the request of Warmbier's parents.

Boeing, Bombardier dispute could hit United Kingdom jobs
Canadian Foreign Minister Chrystia Freeland said that Canada strongly disagrees with the USA tariff ruling. The Canadian firm had reportedly been conducting its own talks with Siemens, but was left at the altar.

Vince, Ballance recalled in England's Ashes squad
Uncapped Somerset seamer Craig Overton , 23, is preferred to Mark Wood , who remains troubled by an ankle injury. James Vince and Gary Ballance have been recalled as part of England's Ashes squad.

Introducing the new giant in the global rail industry: Siemens Alstom
Jochen Eickholt, CEO of Siemens Mobility, will assume an important responsibility in the merged entity, the company said. Recent orders from Macedonia, the United Kingdom and the U.S. for CRRC have caused growing concern at Alstom and Siemens.

CSKA Moscow vs Manchester United: Three players who must start
It has been confirmed that Fellaini, Carrick and Jones haven't traveled to Russian Federation with the team. Europa League winners Manchester United will go up against CSKA Moscow at the VEB Arena , in Moscow .

Russian Federation and America Are Building a Joint Space Station Near the Moon
That mission, which would see astronauts orbiting the planet rather than actually touching down, is still being conceptualized. Igor Komarov explained the first stage will centre around building the orbital area of the space station.

Internet group commits $300M to computer science
Quicken Loans, which is based in Detroit , is focusing its efforts on boosting coding programs in local public schools. Almost 40 percent of high schools did not offer physics in 2015, according to Education Week Research Center.

Malaysia, Philippines clash over statement on Myanmar
Myanmar should also allow aid agencies to reach the people in need, HRW said. They have been carrying out the attacks on the Hindu villages since a month.