Advertisement
Sections
Investors file a $3.6 billion lawsuit against Volkswagen, in Germany
The shareholders say that the company did not comply with its duty of informing them about the diesel emissions debacle
Volkswagen’s troubled times show no signs of abating. A group of 278 of Volkswagen’s institutional investors, have filed a $3.6 (Rs 24249crore) billion lawsuit against the company. These investors consist of companies situated across the globe, including Germany. The shareholders say that the company did not comply with its duty of informing them about the diesel emissions debacle.
Andreas Tilp, managing partner of TISAB and TILP, the firms that have been appointed to handle the suit said,“Due to the fact that, according to our...
First Published:Mar 17, 2016, 10:45:48 IST
Advertisement
Advertisement
Tesla's Cybercab to feature built-in Starlink antenna, bringing satellite internet to robotaxis
Tesla has confirmed that its upcoming Cybercab will include built-in Starlink connectivity, allowing the autonomous vehicle to access satellite internet beyond traditional mobile networks. The move deepens ties between Elon Musk's companies while supporting Tesla's vision of self-driving robotaxis capable of operating across a wider range of environments.
3 min read
US rejects Tesla bid to avoid recall of nearly 20,000 vehicles over headlight issue
US auto safety regulators rejected Tesla's bid to avoid a headlight recall while a separate investigation found a driver overrode Full Self-Driving before a fatal crash.
1 min read
IIT Kanpur study finds no evidence E20 petrol damages engines, says mileage impact is minimal
Fresh research from IIT Kanpur challenges widespread claims that E20 petrol harms vehicle engines, concluding that the fuel blend causes no measurable engine damage and only a marginal impact on fuel efficiency. The findings come amid ongoing public debate over India's ethanol-blending programme and concerns raised by motorists.
2 min read
As Nissan expands its line-up from one model to four, the carmaker is betting on affordable SUVs, exports and ICE volumes before making its EV play
Nissan Managing Director Saurabh Vatsa explains why the Tekton SUV is central to the brand's India strategy, its export ambitions and why an EV launch will have to wait.
2 min read
Volkswagen layoffs could hit 1 lakh as CEO warns of deeper cost overhaul
Volkswagen is weighing further workforce reductions that could bring total job losses to around 1,00,000, according to an internal message from CEO Oliver Blume. The proposed restructuring comes as Europe's biggest carmaker grapples with shrinking profits, intense Chinese competition, tariff pressures and excess manufacturing capacity.
2 min read
Advertisement
Advertisement