As the German economy slumps, the ruling political coalition has collapsed and the far right is surging…
Top EU Official Slams Volkswagen As ‘Complicit’ in Chinese Oppression…
The chair of the European Parliament’s delegation for relations with China, Reinhard Bütikofer, has slammed Volkswagen for not confronting China over its treatment of the Uighur minority in a region where the German carmaker has a factory. China’s crackdown on the Muslim Uighur community in Xinjiang is rapidly rising up the political and trade agenda. […]
China’s Uyghurs For Sale: ‘Re-Education’, Forced Labour and Surveillance Beyond Xinjiang…
The Chinese government has facilitated the mass transfer of Uyghur and other ethnic minority1 citizens from the far west region of Xinjiang to factories across the country. Under conditions that strongly suggest forced labour, Uyghurs are working in factories that are in the supply chains of at least 83 well-known global brands in the technology, […]
Volkswagen to Create 1,000 New Jobs in Chattanooga Expansion…
Tennessee Gov. Bill Haslam and Department of Economic and Community Development Commissioner Bob Rolfe along with Volkswagen AG announced today that Chattanooga will be home to the company’s first electric vehicle manufacturing facility in North America. Volkswagen announces Chattanooga will be the home to the company’s first electric vehicle manufacturing facility in North America. This […]
80 Years Later, End of the Road for Volkswagen’s Iconoic Beetle…
German automaker Volkswagen (VW) announced it will stop making its iconic Beetle car which first rolled off the production lines in 1938. The carmaker says it will focus on more popular areas such as SUVs and electric vehicles. The company’s American unit said it would halt production at its plant in Mexico after making two […]
Head of VW’s Audi Arrested in Germany Over Diesel Scandal…
German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, June 18, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal. Munich prosecutors, who earlier this month widened their probe into Audi, said Rupert Stadler was being held due to fears he might hinder their […]
Global Stocks Hit New All Time High as Dollar Rebounds; Europe Volatile on Earnings Deluge…
The levitation continues with S&P futures pointing to – what else – another higher open while European stocks swung between gains and losses on the busiest earnings days of the year (85 of the Stoxx 600 report) which has seen European pharma giant AstraZeneca plunge 15%, the most on record, after its flagship lung cancer […]
U.S. Issues Arrest Warrants for Former VW Execs over Emissions Cheating…
The United States government has issued international arrest warrants for five former Volkswagen (VW) managers in connection with the dieselgate scandal. According to the Suddeutsche Zeitung newspaper, the five are accused of conspiring to commit fraud and violating US environmental regulations. At least two were reportedly confidants of former VW CEO Martin Winterkorn. The German […]
GM Sued For Allegedly Using Cheat Devices On 700,000 Diesel Vehicles…
Several powerful law firms filed suit Thursday accusing General Motors of installing illegal software in diesel-powered vehicles in order to maneuver around regulations on fuel emissions. The class-action lawsuit alleges GM affixed 705,000 late-model Chevrolet Silverado and GMC Sierra pickups with at least three so-called defeat devices to dupe air regulators. Lawyers filed the action […]
10 Companies With the Worst Reputations…
A good reputation is a fragile thing, whether a person’s or a company’s. And, like beauty, a good reputation is often in the eye of the beholder. Corporate reputations take time to build but can be severely damaged in the equivalent of a heartbeat. Sometimes a company’s reputation rises or falls depending on the political […]