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....The VW emissions scandal erupted in September 2015, with the carmaker admitting it had installed software defeat devices in 11m diesel cars worldwide, meaning the vehicles only cut their nitrogen oxide pollution during certification tests. The draft EU rules call for reducing the power of national authorities and empowering the European commission to test and inspect vehicles, to ensure compliance with emissions standards, and to respond to any irregularities. ... [Read full article on Guardian ]
Monday 29th of May 2017 05:38:09 PM
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Latest Finance News related to Irregularities

EU moves to crack down on carmakers in wake of VW emissions scandal image
....The VW emissions scandal erupted in September 2015, with the carmaker admitting it had installed software defeat devices in 11m diesel cars worldwide, meaning the vehicles only cut their nitrogen oxide pollution during certification tests. The draft EU rules call for reducing the power of national authorities and empowering the European commission to test and inspect vehicles, to ensure compliance with emissions standards, and to respond to any irregularities. ...
BT chief's pay package slashed by £4m over Italian accounting scandal image
....“The past year has been challenging,” said Ball. “Although good progress has been made in a number of areas, unfortunately our performance has been significantly affected by the accounting irregularities in our Italian business, the issues that arose in Openreach . ...
Reactor goes here ... the £18bn Hinkley Point C starts to take shape image
Source : Guardian [Read Article] Friday 21st of April 2017 01:05:27 PM
....Manufacturing. EDF’s nuclear building partner, Areva, has come in for unusually strong criticism from the UK nuclear regulator over irregularities at a key forge in France that was set to make parts for Hinkley. ...
Indian tycoon Vijay Mallya bailed in UK image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:33:56 AM
....He was arrested on Tuesday by the Metropolitan Police on behalf of the Indian authorities, over fraud accusations. India has been seeking the extradition of Mr Mallya, who faces charges of financial irregularities at his defunct Kingfisher Airlines. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
.... "Arguments that technology transfer ultimately trickle down to China sound dubious," he says, adding that Taiwan and Korea have more advanced chip technologies anyway. If the chip sale falls through, more accounting irregularities emerge or the banks decide to call in their loans, then all bets are off. ...
Brazil graft probe focuses on World Cup football stadiums image
Source : BBC [Read Article] Saturday 15th of April 2017 12:34:38 AM
....The plea bargain testimony was given by executives working for Odebrecht - the continent's biggest construction firm. They claim there were irregularities in the bidding process for six stadiums including the Maracana in Rio. ...
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
....But in his letter to Woodley, Van Hollen said he wanted more information about this internal review, triggered when Trump won the Republican nomination for president. The senator asked for a description of the bank’s “risk management” and whether any irregularities emerged during the internal inquiry. ...
Tesco shares tumble despite first UK growth in seven years image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:26:58 AM
....Lewis took charge of Tesco after a string of profit warnings under his predecessor, Philip Clarke. But the subsequent discovery of accounting irregularities forced him to embark on a major restructuring of the business, including the disposal of its South Korean chain, Homeplus, for £4bn. ...
Tesco to report a return to financial health image
Source : Guardian [Read Article] Sunday 9th of April 2017 04:14:41 PM
....Lewis took the helm at Tesco in 2014 after a string of profit warnings under his predecessor, Philip Clarke. But the subsequent discovery of accounting irregularities forced him to embark on a major restructuring of the business, including the disposal of its South Korean chain Homeplus for £4bn. ...
Thousands of Tesco jobs at risk under plan to axe some night shifts image
Source : Guardian [Read Article] Wednesday 5th of April 2017 04:55:52 PM
....Lewis took the helm at Tesco after a string of profit warnings under his predecessor, Philip Clarke. But the discovery of accounting irregularities forced him to embark on an overhaul of the business, including the disposal of its South Korean chain Homeplus for £4bn. ...
Brazil meat scandal: China and EU suspend imports image
Source : BBC [Read Article] Monday 20th of March 2017 08:39:48 PM
....Mr Temer said the plants under scrutiny represented a tiny proportion of Brazil's meat industry. "Only 21 units out of 4,837 in Brazil subject to government inspection are facing allegations of irregularities. ...
Caterpillar raided over alleged tax evasion scheme image
Source : BBC [Read Article] Friday 3rd of March 2017 01:07:46 AM
. US officials have raided three Caterpillar sites as part of a criminal probe into tax irregularities at the heavy machinery manufacturer. ...
Agent Provocateur founder brands Mike Ashley's purchase 'a stitch-up' image
Source : Guardian [Read Article] Thursday 2nd of March 2017 12:46:56 PM
....Agent Provocateur has struggled in recent years. Accounting irregularities were uncovered within the business last year, which were investigated by KPMG. ...
Vast losses at RBS are a legacy of a failed system | Will Hutton image
Source : Guardian [Read Article] Sunday 26th of February 2017 12:05:15 AM
.... Rolls-Royce has paid £671m in penalties to the UK, US and Brazilian governments to settle bribery and corruption claims in 12 countries. Tesco had to take huge writedowns over scarcely credible, large-scale accounting irregularities. ...
Dieselgate: EC begins legal action against UK and other EU nations image
Source : Guardian [Read Article] Thursday 8th of December 2016 12:24:18 PM
....The UK is one of four countries accused of issuing approvals for VW Group cars and not applying national provisions or penalties, despite the company’s use of illegal software. The commission argues that the UK and Germany have unlawfully refused to disclose details of national investigations into potential irregularities in nitrogen oxide (NOx) emissions by VW and other carmakers. ...
Football tax review called for by HMRC chief image
Source : BBC [Read Article] Wednesday 7th of December 2016 04:12:44 PM
....Some footballers and entertainers have income from image rights paid into offshore accounts without tax deducted. HMRC said dozens of footballers are under investigation for potential irregularities in their tax affairs. ...
Southern rail operator launches legal action in attempt to stop strike image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:16:51 PM
....Southern’s operator, Govia Thameslink Railway, issued proceedings at the high court on Thursday to seek an injunction to stop Aslef’s industrial action which was was backed overwhelmingly by drivers. GTR previously blocked a proposed strike in 2015 by Aslef, arguing successfully that there were irregularities in the ballot. ...
Vinci shares plunge on publication of fake press release image
Source : BBC [Read Article] Tuesday 22nd of November 2016 07:43:17 PM
...."Vinci denies formally all the information contained in this fake press release and is investigating all legal actions in furtherance thereof," said the firm. The hoax said the company had uncovered irregularities which had been hiding losses amounting to 3. ...
Tesco hit with £100m damages claim image
Source : BBC [Read Article] Monday 31st of October 2016 03:05:50 PM
. Supermarket chain Tesco is facing a damages claim for more than £100m from investors who say they lost money because of accounting irregularities by the company. ...
Bangladesh's Sonali bank fined £3.3m image
Source : BBC [Read Article] Wednesday 12th of October 2016 11:50:32 AM
.... . Sonali Bank was permitted to resume banking operations in Britain in 2001 after its operations had been closed down two years earlier because of charges of gross irregularities. ...
Tesco shares jump as sales continue to recover image
Source : BBC [Read Article] Wednesday 5th of October 2016 06:22:53 AM
.... Last month, three former executives were charged with fraud in relation to it, which they deny. Separately, the company is also facing legal action from a group of investors who claim to have lost £150m due to the supermarket's 2014 accounting irregularities scandal. ...
Tesco faces UK legal action over accounting scandal image
Source : BBC [Read Article] Sunday 2nd of October 2016 06:36:51 PM
. Tesco is facing a legal action by a group of investors who claim to have lost £150m due to the supermarket's 2014 accounting irregularities scandal. ...
Northampton Town stadium firm spent money on Spurs image
Source : BBC [Read Article] Tuesday 20th of September 2016 04:41:17 AM
....Accounts for 1st Land Ltd, run by Howard Grossman, show the money was paid to Tottenham Hotspur. The police are investigating the firm over "alleged financial irregularities" over the £10. ...
Three charged over Tesco accounts fraud image
Source : BBC [Read Article] Friday 9th of September 2016 11:37:30 AM
. Three former Tesco executives have been charged as part of a continuing investigation into accounting irregularities at the supermarket giant in 2014. ...
Lotte vice chairman Lee In-won found dead image
Source : BBC [Read Article] Friday 26th of August 2016 07:15:56 AM
....Police investigators said the cause of death appeared to be suicide. The 69-year-old was due to be questioned on Friday in an inquiry into a possible slush fund and financial irregularities in the company. ...

Austria's far-Right presidential hopeful urges burqa ban
 image
Source : Telegraph [Read Article] Sunday 14th of August 2016 05:44:00 PM
....Norbert Hofer, from the Freedom Party (FPÖ), lost the last presidential election by a whisker in May to Alexander van der Bellen, a former Green party leader. But the constitutional court in Vienna ordered the poll to be re-run in October because of counting irregularities. ...
Serious Fraud Office opens Airbus corruption investigation image
Source : BBC [Read Article] Sunday 7th of August 2016 10:14:09 PM
....The UK's Serious Fraud Office (SFO) has launched an investigation into allegations of "fraud, bribery and corruption" in the civil aviation business of Airbus. The allegations relate to irregularities concerning third party consultants. ...

Munich shooting: link to Anders Breivik is reminder of rising tide of far Right anger
 image
....A narrow victory for the Green, Alexander Van der Bellen, who ran as an independent, caused sighs of relief across the continent — nowhere more so than at the European Commission in Brussels. But alarm soon resurfaced when a court found irregularities in the counting of postal votes and ordered a repeat of the poll in September, which will be a test of support for the Freedom party, founded in the 1950s by former Nazis, and its candidate, Norbert Hofer. ...
Legal & General looks set to weather Brexit storm image
Source : Guardian [Read Article] Tuesday 28th of June 2016 07:17:48 PM
....Against that backdrop, it’s best not to shoot yourself in the foot. Shawbrook’s warning of a £9m charge stemming from “irregularities” in its asset finance division was horribly timed. ...
Shares in challenger bank Shawbrook plunge on loan irregularities image
Source : Guardian [Read Article] Tuesday 28th of June 2016 08:47:44 AM
....7m of loans. “The irregularities, which have now been rectified, were the result of a number of loans being underwritten in our asset finance business that did not meet the business’s strict lending criteria,” the bank said. ...
Former Zurich Insurance CEO killed himself, says company image
Source : Guardian [Read Article] Monday 30th of May 2016 12:57:54 PM
....”. Adrian Kohler, the boss of the herbal sweets company Ricola, killed himself in 2011 two days after confessing financial irregularities to fellow board members. ...
Hinkley Point: UN report says UK failed to consult over risks image
Source : Guardian [Read Article] Sunday 8th of May 2016 03:49:24 PM
....But while EDF has been coming up with plans to strengthen its capital, its even more financially troubled engineering partner, Areva, has run into deeper problems and its share price is now nearly 50% below where it was 12 months ago. The French nuclear regulator, ASN, said it had been informed by Areva that its investigation had found evidence of irregularities in about 400 components produced since 1965, of which some 50 are believed to be in use in French nuclear plants. ...
Mitsubishi admits it cheated on fuel mileage tests for 25 years image
Source : Guardian [Read Article] Tuesday 26th of April 2016 03:41:30 PM
.... Mitsubishi said the US testing method may have been used as it is shorter and would save time. Japan’s transport ministry said it found irregularities with the way Mitsubishi compiled mileage data on models in addition to the four affected mini-vehicles. ...
Toshiba confirms SEC investigation as accounting woes spread to US image
Source : Guardian [Read Article] Friday 18th of March 2016 03:28:12 AM
. Toshiba has announced its US businesses are cooperating with authorities over alleged accounting irregularities and is to cut a further 3,000 jobs. ...
Product recalls hit all-time high fuelled by car and food scandals image
Source : Guardian [Read Article] Monday 14th of March 2016 12:01:01 AM
.... “Certainly the automotive industry is now very sensitive to accusations of being slow to recall faulty or non-compliant products. Car manufacturers are looking for irregularities more closely, as well as facing increased pressure from regulators and, therefore, it’s likely that 2016 will also see a high level of vehicle recalls. ...
Asian markets recover after early dip image
Source : BBC [Read Article] Friday 11th of March 2016 02:15:07 AM
.... . Saturday's numbers will combine January and February activity on the mainland in order to avoid any irregularities that could appear due to the Lunar New Year holiday. ...
India tycoon blocked from $75m payout image
Source : BBC [Read Article] Tuesday 8th of March 2016 07:57:05 AM
.... . But the UK-based drinks giant had been reportedly trying to oust him as chairman after an internal inquiry found financial irregularities. ...
Brazil's economy shrank 3.8% in 2015 image
Source : BBC [Read Article] Thursday 3rd of March 2016 12:28:45 PM
.... . President Dilma Rousseff is trying to head off the opposition's efforts to impeach her over alleged accounting irregularities, which means she cannot afford to alienate supporters in her Workers' Party by cutting spending or raising taxes. ...
RSA's Hester announces £523m profit and warns against Brexit image
Source : Guardian [Read Article] Thursday 25th of February 2016 05:39:59 PM
....Operating profits of £523m beat expectations and the shares raced up almost 10% to 433p, making them the second largest riser in the FTSE 100. Hester took charge of the insurer two years ago after it had issued three profits warnings and revealed accounting irregularities in its Irish arm. ...
Sweett Group to pay £2.25m over Middle East bribery  image
Source : Telegraph [Read Article] Friday 19th of February 2016 07:18:39 PM
....” . The court heard how Sweett Group, which has now pulled out of the Middle East entirely, was slow to take action when its auditors KPMG flagged up irregularities in 2010. ...
Bumpy road ahead for scandal-hit VW image
Source : BBC [Read Article] Friday 19th of February 2016 12:56:55 AM
....82 million cars - the first annual decline in 11 years . 2015 November: VW finds "irregularities" in tests to measure carbon dioxide emissions levels affecting thousands of cars in Europe. ...
Tesco knowingly delayed payments image
Source : BBC [Read Article] Tuesday 26th of January 2016 10:09:06 AM
....Tesco apologised for the practices, saying they had harmed its suppliers. Tesco remains under investigation by the Serious Fraud Office (SFO) into alleged accounting irregularities. ...
Whole Foods settles overcharging probe image
Source : BBC [Read Article] Tuesday 29th of December 2015 04:25:26 PM
....The natural foods and organic retailer, which has outlets in the UK, was said to have overstated weights of pre-packaged meat, dairy and baked products. Last year, Whole Foods agreed to pay $800,000 in penalties and improve pricing accuracy after a separate investigation into alleged pricing irregularities in California. ...
Crisis-hit Toshiba plunges again after record loss image
Source : Telegraph [Read Article] Tuesday 22nd of December 2015 09:07:05 AM
.... . Former CEO Hisao Tanaka, centre, bows with Tadashi Muromachi and executive Keizo Maeda after news of the scandal broke Mr Muromachi is working with new management after former presidents Hisao Tanaka, Norio Sasaki and Atsutoshi Nishida resigned in July to take responsibility for the accounting irregularities. ...
City News: Toshiba, Sports Direct, Globo and Netplay TV image
Source : Daily Express [Read Article] Tuesday 22nd of December 2015 12:01:00 AM
....THE Financial Reporting Council has launched an investigation into accountants Grant Thornton’s auditing of Globo. The mobile technology firm went into administration after it disclosed fi nancial irregularities. ...
Finance watchdog bars former iSoft directors from accountancy work image
Source : Guardian [Read Article] Monday 21st of December 2015 05:31:53 PM
....Two former directors of iSoft, the NHS software supplier, have been barred from practising as accountants almost a decade after the one-time FTSE 250 firm was engulfed in an accounting scandal. The action by the Financial Reporting Council (FRC), the professional regulator, comes nine years after iSoft shareholders were told of “accounting irregularities”. ...
Accountancy watchdog investigates Grant Thornton over Globo audits image
Source : Guardian [Read Article] Monday 21st of December 2015 12:40:50 PM
. The Financial Reporting Council is investigating Grant Thornton over the accountancy firm’s auditing of Globo, the mobile technology company that went into administration after discovering financial irregularities. ...
Brazilian finance minister replaced image
Source : BBC [Read Article] Friday 18th of December 2015 11:30:23 PM
....The change comes amid a serious political crisis in Brazil. Earlier this month the Speaker of the lower house of Congress, Eduardo Cunha, agreed to begin impeachment proceedings against President Rousseff over alleged irregularities in the management of last year's budget. ...
Aviva employee stole hundreds of customers' details image
Source : BBC [Read Article] Friday 11th of December 2015 09:31:45 PM
....When Money Box contacted Gavin Edmondson, the firm refused to discuss its relationship with Heyworth Financial. In a statement, it said: "Gavin Edmondson Solicitors had no knowledge or any suspicions of any irregularities of any cases transferred to our firm. ...
VW says it overestimated number of cars with CO2 'irregularities' image
Source : Telegraph [Read Article] Wednesday 9th of December 2015 12:31:17 PM
. Only a fraction of the 800,000 cars Volkswagen said had “irregularities” with carbon dioxide emissions are actually affected by the problem, the company has revealed - but the seemingly good news could just add to its woes. ...
Tech giant Toshiba to face $60m fine image
Source : BBC [Read Article] Monday 7th of December 2015 10:49:17 AM
....In July, its chief executive, president and six other high-level executives resigned from the company over the scheme to inflate profits over several years. The company's stock has plunged more than 40% since April, when reports of irregularities in its accounting practices began to surface. ...
'I had £104,000 stolen from me - by other NatWest customers' image
Source : Telegraph [Read Article] Saturday 5th of December 2015 07:23:40 AM
.... . But NatWest's systems failed to detect any irregularities, even though Mrs Watson had listed her own name as the recipient each time. ...
Volkswagen UK car sales plunge 20pc in the wake of 'dieselgate' image
Source : Telegraph [Read Article] Friday 4th of December 2015 09:49:43 AM
.... The company has since admitted that as many as 11m cars worldwide could be affected. An investigation at the company also revealed that a further 800,000 cars have "irregularities" with their carbon dioxide emissions. ...
Porsche family signals support for VW after emissions scandal image
Source : Telegraph [Read Article] Wednesday 2nd of December 2015 12:16:57 PM
.... The company later admitted as many as 11m cars worldwide could be affected, and started an internal investigation into how the scandal took place. This probe has since revealed that cars a further 800,000 cars, some of them petrol powered, had “irregularities” with their carbon dioxide emissions. ...
Tesco settles US lawsuit over profits image
Source : BBC [Read Article] Thursday 26th of November 2015 08:20:44 AM
. Tesco will pay $12m (£8m) to settle legal action by US shareholders which claimed that accounting irregularities inflated the supermarket's share price. ...
Tesco agrees $12m payout to US shareholders over accounting scandal image
Source : Guardian [Read Article] Thursday 26th of November 2015 01:02:30 AM
....Britain’s biggest supermarkets group said it had reached agreement in principle to settle a class action brought in New York on behalf of holders of American Depositary Receipts (ADRs) representing 2% of Tesco’s shares. They sued the company and three former directors including Tesco’s former chief executive Philip Clarke, claiming that accounting irregularities inflated the retailer’s share price. ...
Volkswagen investigated in Germany over 'tax evasion' image
Source : Telegraph [Read Article] Tuesday 24th of November 2015 07:47:25 PM
....” . The criminal probe is separate to one being conducted into the company’s admission that it fitted “defeat devices” to cheat pollution tests on 11m cars and warned of CO2 “emissions irregularities” on a further 800,000 vehicles. ...
Jim Slater obituary image
Source : Guardian [Read Article] Sunday 22nd of November 2015 01:25:42 PM
....Attempts to merge with a series of companies, including the merchant banks Warburg and Hill Samuel, came to nothing. The calamity was made worse by the Singapore authorities’ attempts to extradite him to face charges of financial irregularities. ...
VW cuts spending as emissions scandal bites image
Source : Telegraph [Read Article] Friday 20th of November 2015 12:55:24 PM
.... . The board of the German car maker, which has admitted fitting “defeat devices” to cheat pollution tests on 11 million cars and warned of CO2 “emissions irregularities” on another 800,000 vehicles, met on Friday to try to plan how to get the business back on track. ...
VW's new boss Matthias Müller must step down, says shareholder image
Source : Guardian [Read Article] Thursday 12th of November 2015 07:34:46 PM
....The US Environmental Protection Agency has accused VW of also installing defeat devices into sports cars, including a Porsche model, which the company denies. Last week VW added a further aspect to the scandal by admitting it had found “irregularities” in the carbon dioxide levels emitted by 800,000 of its cars, including petrol models. ...
VW sets whistleblower deadline image
Source : BBC [Read Article] Thursday 12th of November 2015 04:19:28 PM
....At the same time, the dirty laundry keeps on piling up. Last week's revelation of 'irregularities' in the measurement of CO2 emissions was a case in point. ...
'Dieselgate' halves profit of biggest VW shareholder image
Source : Telegraph [Read Article] Tuesday 10th of November 2015 12:22:08 PM
.... . VW's troubles emanated from the US where regulators unearthed irregularities in pollution tests. ...
Volkswagen offers $1,000 gift cards as 'goodwill package' to US owners image
Source : Guardian [Read Article] Monday 9th of November 2015 06:36:08 PM
.... The scandal expanded last week, when the EPA accused VW of cheating with different software on larger six-cylinder diesels in about 10,000 vehicles. VW also acknowledged finding irregularities in carbon dioxide emissions in 800,000 other vehicles, all outside the US. ...
VW offers $1,000 sweetener to US customers hit by emissions scandal image
Source : Telegraph [Read Article] Monday 9th of November 2015 05:23:04 PM
.... . Last week the scandal intensified, with VW saying a further 800,000 engines had CO2 “emissions irregularities”, including some petrol engines, and warned of another €2bn hit. ...
VW offers US customers $1,000 vouchers image
Source : BBC [Read Article] Monday 9th of November 2015 04:28:44 PM
.... . The company also has admitted finding irregularities in carbon dioxide emissions in 800,000 other vehicles, all outside the US some of which it said were likely to be petrol engine powered cars. ...
Volkswagen investor Nordea to sue over emissions fixing image
Source : Guardian [Read Article] Sunday 8th of November 2015 06:36:12 PM
....” He said no final decision had been taken on legal action. The crisis widened dramatically last week when Porsche, owned by VW, became involved and VW admitted “irregularities” in the levels of carbon dioxide emitted by 800,000 cars sold mainly in Europe. ...
We can’t afford to squander the talents of half the UK. We need equal pay now image
.... VW’s statement revealing its concerns about the CO2 levels emitted by 800,000 cars was laughable. It had no detail about the models involved or how the irregularities occurred. ...
VW's sales fall nearly 10% in UK, but other car brands also slide image
Source : Guardian [Read Article] Thursday 5th of November 2015 10:54:06 AM
....”. The scandal widened this week when Porsche, owned by VW, got caught up in it and Volkswagen admitted “irregularities” in the levels of carbon dioxide emitted by 800,000 cars sold mainly in Europe. ...
Volkswagen's UK sales fall amid scandal image
Source : BBC [Read Article] Thursday 5th of November 2015 09:36:21 AM
....VW later admitted about 11 million cars worldwide were affected by the issue. The scandal has widened to include carbon dioxide emissions "irregularities" thought to have included 800,000 cars in Europe. ...
VW crisis begins to hit sales hard image
Source : Guardian [Read Article] Thursday 5th of November 2015 08:25:44 AM
.... Declines are also expected in its Seat and Škoda brands. The scandal widened this week when Porsche, owned by VW, became involved and Volkswagen admitted “irregularities” in the levels of carbon dioxide emitted by 800,000 cars sold mainly in Europe. ...
Toshiba braces for massive losses following accounting scandal image
Source : Guardian [Read Article] Thursday 5th of November 2015 06:11:25 AM
....In one of the most damaging corporate scandals in Japan in recent years, regulators said managers had started setting unrealistic performance targets for the firm’s new businesses, such as smart meters and electronic toll booths, after the global financial crisis seven years ago. The accounting irregularities continued after the March 2011 Fukushima disaster, amid concerns Toshiba would sustain losses in its nuclear division. ...
VW emissions scandal still obscured by a cloud image
Source : Guardian [Read Article] Wednesday 4th of November 2015 08:41:06 PM
....What, though, did VW actually say beyond the confession that “based on present knowledge” 800,000 vehicles have been affected? Almost nothing. Were cheat devices attached to the vehicles, or were real CO2 emissions disguised by other means? How many petrol cars are affected? Does the phrase “present knowledge” mean most cars in VW’s fleet are in the clear, or that they haven’t yet been examined for CO2? And, since the word “irregularities” is so vague, how severely wrong is the published CO2 data? None of these issues were addressed. ...
Volkswagen as we know it may be gone for good image
Source : Telegraph [Read Article] Wednesday 4th of November 2015 08:35:10 PM
.... . But following the latest revelation – which came on day 47 for those that are counting – of “irregularities” with the amount of carbon dioxide pumped out by 800,000 of its vehicles, it now seems fair to say that this is likely to be a multi-year scandal for the company, one with catastrophic repercussions. ...
VW hit by falling sales as crisis deepens image
Source : BBC [Read Article] Wednesday 4th of November 2015 06:28:19 PM
....The credit rating agency, Moody's, has also downgraded the German carmaker, which could mean that VW has to pay more to borrow money. "Today's downgrade reflects mounting risks to Volkswagen's reputation and future earnings following its announcement on 3 November regarding irregularities in CO2 and fuel consumption levels for certain Volkswagen group vehicles," said Yasmina Serghini-Douvin, a Moody's senior credit officer and lead analyst on Volkswagen. ...
Germany says 98,000 VW petrol cars hit image
Source : BBC [Read Article] Wednesday 4th of November 2015 05:15:32 PM
.... . That follows an admission by VW that it had found "irregularities" in carbon dioxide emissions levels that could affect 800,000 vehicles. ...
Q&A: what are the new revelations about VW? image
Source : Guardian [Read Article] Wednesday 4th of November 2015 12:33:21 PM
....That is the implication of the oblique statement released by the German carmaker on Tuesday. VW said it found “irregularities” and “unexplained inconsistencies” in the levels of carbon dioxide emitted by its cars. ...

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