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VW to improve oversight after emissions scandal
The cheat device affects up to 11 million cars worldwide.
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Oil prices drop as Opec output rises, Brent below US
West Texas Intermediate (WTI) U.S. crude futures were at .41 per barrel, down 35 cents after touching .12, their lowest since February 2009.
“We will not allow the crisis to paralyze us”, Mueller said. In total, nine managers believed to have been involved have been suspended.
Gun buyer in San Bernardino massacre mused on Facebook about troubles
Wearing handcuffs and beige T-shirt, Marquez appeared in federal court in Riverside, California for a brief hearing on Thursday. Apparently it was a marriage of convenience , and a sham in order to get the woman in question American citizenship.
Speaking about a fix for customers that had bought affected models, VW said technical solutions for European buyers had been developed and implementation would begin in 2016. The CEO said he hopes to reach a deal with the U.S. Environmental Protection Agency within weeks and make his first official visit in January to the United States, where Volkswagen’s emissions cheating first emerged. “He stated the investigation has up to now analyzed knowledge from laptops, phones & different units from 400 staff. Greater than 2,000 have been knowledgeable in writing in that they can’t delete any knowledge in case it becomes relevant to the investigation, he stated”.
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Potsch revealed that 450 people are involved in the investigation, which has already collected 102 terabytes of data, by his reports. “Overall, the situation is not dramatic, but, as was to be expected, it’s tense”, said Mueller. Sales in the US fell almost 25 per cent in November, the first month to show the full impact of the scandal.
He suggested that the company was not considering any cuts to fulltime jobs, but that it might have to shed some workers with fixed-term contracts.
Mueller said he’ll protect jobs at each of Volkswagen’s factories around the world.
“As serious as the current situation is, this company will not break because of it. Rather, we have a clear mission: we will create a new, better and stronger Volkswagen”, said Chief Executive Matthias Müller. Shares in Volkswagen, which has seen its market value fall significantly, were down about 1.5 percent early Thursday morning, Eastern Time.
In a news conference, Hans Dieter Poetsch said “our emissions testing will in future be verified by internal and external third parties and we are also introducing universal real life tests in on-road driving”. The automaker has estimated the scandal would cost 6.7 billion euros, though analysts expect that figure to ultimately be much higher.
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The carmaker said it will have future emissions tests independently evaluated. “No business justifies crossing legal and ethical boundaries”, Chairman Hans Dieter Poetsch said at a news conference Thursday, according to Reuters.