21 Sep '15, 2pm

Volkswagen Lost Almost $17 Billion in Stock Value Today

While Volkswagen could face up to $18 billion in fines for an emissions cheating scandal its stock was devalued $16.9 billion today. It was the largest one-day slide since November 2009, and comes at a time the German automaker is facing challenges in other arena. The shares declined by 13 percent to 140.95 euros by 0207 EDT. SEE ALSO: EPA and California Allege Volkswagen Diesels Willfully Circumvented Clean Air Act Among issues are the company’s former chairman Ferdinand Piech had resigned five months ago in a power struggle with present CEO Martin Winterkorn over strategy and the company had been poised to shake off doubts about its leadership. Then Friday a strongly worded accusation by the EPA named the company a cheater by intentionally installing a device to trick emissions inspectors into passing its diesel cars. The company has acknowledged the allegation, and its ...

Full article: http://www.hybridcars.com/volkswagen-lost-almost-17-billi...

Tweets

Volkswagen punished by stock market for cheating on emission tests (down about 20%)

Volkswagen punished by stock market for cheatin...

treehugger.com 21 Sep '15, 1pm

1/5 of the company's value has disappeared in a puff of smoke The shocking revelations last week (which we covered here ) ...

How Volkswagen Tricked the EPA’s Emissions Test

How Volkswagen Tricked the EPA’s Emissions Test

hybridcars.com 22 Sep '15, 4am

Details have surfaced on exactly what Volkswagen did to trick the EPA’s emissions test. The Volkswagen and Audi diesel veh...

Volkswagen CEO "Sorry" for Emissions Cheating S...

spectrum.ieee.org 21 Sep '15, 2pm

Most smart car features don’t trigger a recall of almost half a million cars and an apology from one of the world’s larges...

Volkswagen to drop its 10-speed DSG transmission?

paultan.org 21 Sep '15, 3am

German brand Volkswagen announced earlier last year that it was developing a 10-speed dual-clutch transmission to add to i...

What Volkswagen’s ‘Dieselgate’ Is, and Why it Matters

What Volkswagen’s ‘Dieselgate’ Is, and Why it M...

hybridcars.com 22 Sep '15, 5pm

The Board of Management at Volkswagen AG takes these findings very seriously. I personally am deeply sorry that we have br...

VW: 11 Million Diesels Had Cheating Software, $7.3 Billion Set Aside; Criminal Probe Reported

VW: 11 Million Diesels Had Cheating Software, $...

greencarreports.com 22 Sep '15, 12pm

By John Voelcker 739 views Sep 22, 2015 Follow John Add to circle Grille - 2014 Volkswagen Jetta Sportwagen 4-door DSG TDI...

How the UK can get almost all its power from renewables - without new nuclear: The government claims that we n...

How the UK can get almost all its power from re...

theecologist.org 21 Sep '15, 2pm

Most of our power capacity, 55GW, would be in offshore wind farms, more than twice as much as currently exists or is conse...

Volkswagen Fine Could Be $3.2 Billion Rather Than $18 Billion

Volkswagen Fine Could Be $3.2 Billion Rather Th...

hybridcars.com 28 Sep '15, 4am

Volkswagen may see a fine in the area of $3.2 billion rather than a maximum-possible $18 billion, according to a recent an...

#nuclear madness: £2 billion for #Hinkley C. Get Osborne's hands off #energy ! The Ecologist http…

#nuclear madness: £2 billion for #Hinkley C. Ge...

theecologist.org 21 Sep '15, 12pm

The Treasury and its Chancellor are grossly unfit to be in charge of energy. Yet that is exactly what they are. According ...

EBN - Erik Diks - Shorten Your Cash-to-Cash Cycle to Unlock Supply Chain Value via @ebnonline

EBN - Erik Diks - Shorten Your Cash-to-Cash Cyc...

ebnonline.com 21 Sep '15, 5pm

Many European companies are working hard to solve their "captive cash" problem, improve their cash-to-cash cycle, and mana...

@DialogSemi to acquire @Atmel for $4.6 Billion ...

design-reuse.com 21 Sep '15, 6am

The transaction is expected to close in the first quarter of calendar 2016. Dialog intends to fund the transaction with a ...

5 Tips For Volkswagen’s New CEO

5 Tips For Volkswagen’s New CEO

hybridcars.com 25 Sep '15, 9pm

Matthias Müller has quite a mess on his hands. As the newly appointed CEO of Volkswagen Group, Müller is walking into a po...