BERLIN (Reuters) - BMW said it has not manipulated emissions tests, denying a magazine report saying some of its diesel cars were found to exceed emissions standards.“There is no difference in the treatment of exhaust emissions whether they are on (test) rollers or on the road,” the German luxury-car maker said on Thursday.
The following are some facts about diesel car engines, the tailpipe pollution they emit and the “defeat device” software that federal regulators say VW used to circumvent emissions standards set by the U.PERFORMANCE - Many diesel engines produce more torque than gasoline engines for a given displacement due to their higher compression ratio.
DE), which has admitted cheating diesel vehicle emissions tests in the United States, spread east on Tuesday as South Korea said it would investigate three of the maker’s diesel models.Department of Justice has started a criminal probe into the allegations, which cover several VW and Audi-branded diesel models including the Audi A3, VW Jetta, Beetle, Golf and Passat.
N) largest union said on Tuesday that his members fear a Boeing factory in China will cause job losses in the Seattle area, and he said the union would use legal and legislative means to try to stem losses.Boeing said Tuesday it is negotiating to put a 737 finishing factory in China, to gain airplane orders.
TOKYO (Reuters) - French nuclear giant Areva AREVA.T) to invest in Areva’s reactor subsidiary, the Nikkei business daily reported on Tuesday.
PRAGUE (Reuters) - A group of former executives and investors from antivirus software maker AVG Technologies (AVG.N) is raising a $125 million fund to tap into opportunities in the booming cyber security sector, a founding partner in the fund said.
unit of Fiat Chrysler Automobiles said on Tuesday its vehicles do not use any defeat devices like those at the centre of an emissions scandal plaguing rival Volkswagen.Shares in Volkswagen, Europe’s biggest carmaker, plunged on Monday and Tuesday after it admitted using software that deceived U.
dealers to halt sales of some 2015 diesel cars after regulators found software it designed for the affected vehicles gave false emissions data, the company said Sunday, announcing it had launched an investigation.Environmental Protection Agency (EPA) said on Friday the software deceived regulators measuring toxic emissions, adding that Volkswagen could face fines of up to $18 billion as a result.
BERLIN (Reuters) - German Transport Minister Alexander Dobrindt is due to speak with Volkswagen Chief Executive Martin Winterkorn about allegations that VW manipulated emission readings in the United States, according to government sources.The meeting was scheduled to take place on Monday, two sources told Reuters, declining to be more specific.
WASHINGTON (Reuters) - Richmond Federal Reserve President Jeffrey Lacker on Saturday said he dissented at a Fed policy meeting because he thought the economy was now strong enough to warrant higher interest rates.“Such exceptionally low real interest rates are unlikely to be appropriate for an economy with persistently strong consumption growth and tightening labor markets,” Lacker said in a statement.
DE) faces penalties up to $18 billion after being accused of designing software for diesel cars that deceives regulators measuring toxic emissions, the U.If each car involved is found to be in noncompliance, the penalty could be $18 billion, an EPA official confirmed on the teleconference.
DETROIT (Reuters) - United Auto Workers President Dennis Williams on Friday said he hopes to have ratification votes on a proposed labor contract for 40,000 U.The proposed contract would narrow the gap between the lowest and highest paid UAW worker U.
PARIS (Reuters) - Business confidence data from China and the euro zone will offer some pointers this week to where the global economy is going after the U.Federal Reserve kept markets guessing about when it will begin raising rates.
N), continues his campaign for a merger of his company and GM - a proposal Barra and her board have rebuffed.HUMBLING EPISODE The settlement caps a humbling episode for a company that once dominated the global auto industry.
factory workers at Fiat Chrysler Automobiles NV (FCHA.United Auto Workers union leaders are meeting Friday to start the drive to win ratification of the contract from 40,000 UAW workers at Fiat Chrysler.
DETROIT (Reuters) - All Fiat Chrysler Automobiles (FCAU.MI) plant workers will get raises that narrow but do not eliminate the pay gap between veterans and recent hires in a proposed four-year labor contract agreed Tuesday, several sources said.
SunTrust upgraded Oracle’s stock to “buy” from “neutral” ahead of its fiscal first-quarter report due after the bell.Four decade-old Oracle faces ruthless competition from more youthful companies flogging inexpensive enterprise services delivered via the Internet, including Salesforce.
” Leading index provider FTSE Russell also said it plans to include China A shares in its widely followed emerging markets benchmark.“Given the volatility of the China A-share market, a large China allocation should be a concern for investors,” she said.
(Reuters) - General Electric Co (GE.7 billion portfolio of loans from its British home lending business to private equity-backed Kensington Mortgage Co Ltd as it continues to shrink its financing arm, GE Capital.
The appeals court ordered Griesa to make specific findings as to which bondholders are entitled to damages and how much, or else to consider awarding damages individually.“Defining the precise class to which Argentina owes damages for its refusal to meet its bond payment obligations and calculating those damages have proven to be exasperating tasks,” Wesley wrote.