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Porsche to pay 535 million euro fine over diesel cheating

German prosecutors imposed a 535 million euro ($598 million) fine on German luxury carmaker Porsche, a unit of Volkswagen, as punishment for lapses in supervisory duties which allowed the company to cheat diesel emissions tests. Edward Baran reports......»»

Category: smallbizSource: nytMay 7th, 2019

Porsche to pay 535 mln euro fine over diesel cheating

German prosecutors imposed a 535 million euro ($598 million) fine on German luxury carmaker Porsche, a unit of Volkswagen, as punishment for lapses in supervisory duties which allowed the company to cheat diesel emissions tests. Edward Baran reports......»»

Category: videoSource: reutersMay 7th, 2019

Volkswagen unit Porsche to pay 535 million euro fine over diesel cheating

German prosecutors imposed a 535 million euro ($598 million) fine on German luxury carmaker Porsche AG, a unit of Volkswagen, as punishment for lapses in supervisory duties which allowed the company to cheat diesel emissions tests......»»

Category: topSource: reutersMay 7th, 2019

Fiat Chrysler Employees Knew of Emissions Cheating, Documents in Shareholder Suit Claim

FiatChrysler employees believed the auto maker used illegal software in diesel-powered vehicles to cheat on U.S. emissions tests and concealed it from regulators, according to allegations by plaintiffs’ lawyers in court documents unsealed Monday......»»

Category: smallbizSource: wsjMay 15th, 2018

Report: FCA Supplier Emails Betray Strategy To Cheat Emissions Tests

Fiat Chrysler Automobiles NV (NYSE: FCAU) traded down 2.2 percent Friday following the release of correspondence suggesting intentional cheating in diesel emission tests on Jeep and Ram models, according read more.....»»

Category: blogSource: benzingaMay 18th, 2018

Audi CEO"s arrest highlights a "silent killer" involved in 53,000 deaths annually in the US

Shutterstock/J Dennis On Monday, German officials arrested Rupert Stadler, CEO of Audi, in connection to the company's use of illegal software to cheat carbon emissions tests. Research s.....»»

Category: topSource: businessinsiderJun 18th, 2018

Audi CEO"s arrest highlights a "silent killer" thought to be involved in 53,000 deaths annually in the US

Shutterstock/J Dennis On Monday, German officials arrested Rupert Stadler, the CEO of Audi, in connection to the company's use of illegal software to cheat carbon-emissions tests. Research suggests that car poll.....»»

Category: topSource: businessinsiderJun 18th, 2018

Renault shares fall on concerns over Nissan"s emissions measures

Shares in French carmaker Renault fell on Monday, dragged down by a drop in the stock price of its partner Nissan after the Japanese firm said it would issue an explanation about its emissions measurement processes......»»

Category: topSource: reutersJul 9th, 2018

Daimler Halts Truck Engine Sales Over Dieselgate Fears

In many ways, the "Dieselgate" scandal of 2015 had come to redefine the credibility of the auto industry of Germany, as auto major Volkswagen admitted to using an illegal software patch to help its diesel engines to cheat emissions tests. read more.....»»

Category: blogSource: benzingaJul 10th, 2018

Car trouble in Japan; Adidas soars; Pandora CEO out

1. Car trouble in Japan: Shares in Suzuki, Yamaha and Mazda took a hit on Thursday after Japanese regulators said the automakers had admitted to improper handling of fuel economy and emissions tests......»»

Category: topSource: moneyAug 9th, 2018

Renault, VW and Fiat Chrysler sales surged before stiffer EU emissions tests

Renault, Volkswagen and Fiat Chrysler led a 29.8 percent European car sales surge last month, the main regional industry body said, as automakers used discounts to clear inventory ahead of tougher emissions tests......»»

Category: topSource: reutersSep 19th, 2018

VW, FCA and Renault lead emissions-driven European sales slump

Volkswagen Group , Fiat Chrysler and Renault led a 23.4 percent European car sales decline in September, the main regional industry body said on Wednesday, as automakers continued to suffer from the introduction of tougher new emissions tests......»»

Category: topSource: reutersOct 17th, 2018

German prosecutors mull dieselgate fine for auto supplier Bosch

Prosecutors in the German city of Stuttgart are looking into a possible fine for auto supplier Robert Bosch for providing Volkswagen with engine management software that the carmaker used to cheat vehicle emissions tests in 2015......»»

Category: topSource: reutersFeb 8th, 2019

Live updates: Tesla profits plunge, but shares rally as company reveals plans for robotaxis and cheaper cars

Tesla will report quarterly earnings today, April 23, after market close. The analyst call comes amid the stock price's decline and announced layoffs. Tesla stock rose Tuesday afternoo.....»»

Category: worldSource: nytApr 23rd, 2024

JetBlue’s first-quarter revenues drop, losses widen and shares fall

JetBlue’s new CEO Joanna Geraghty didn’t have great news to tell shareholders about her first quarter running the company......»»

Category: topSource: bizjournalsApr 23rd, 2024

What"s Happening With Sunrun Stock?

Sunrun shares are trading lower by 6% Thursday afternoon. The Producer Price Index (PPI) headline figure didn't meet expectations, causing uncertainty regarding interest rate cuts. read more.....»»

Category: blogSource: benzingaApr 11th, 2024

Additional Assay Data Holdup Delays Iovance"s Lifileucel Filing Again, CEO Resigns; Shares Plunge

Late.....»»

Category: blogSource: benzingaMay 19th, 2021

Mid-Afternoon Market Update: Dow Jumps Over 500 Points; ContextLogic Shares Plunge

Toward the end of trading Thursday, the Dow traded up 1.57% to 34,115.36 while the NASDAQ rose 0.78% to 13,133.31. The S&P also rose, gaining 1.43% to 4,121.09. read more.....»»

Category: blogSource: benzingaMay 13th, 2021

Tesla Shares Plunge Almost 7% After Company Reportedly Halts Plans To Expand In China

Tesla Shares Plunge Almost 7% After Company Reportedly Halts Plans To Expand In China.....»»

Category: blogSource: zerohedgeMay 11th, 2021

TherapeuticsMD Shares Plunge On Declining Gross Margin, Total Prescription Volume

read more.....»»

Category: blogSource: benzingaMay 6th, 2021