Mar 16, 2017 08:10 AM EDT
German prosecutors have raided Audi and VW sites on Wednesday in connection with the emissions scandal. This adds to the pressure on the luxury division and Audi chief executive Rupert Stadler.
The officers have raided the Audi plant in Ingolstadt, Bavaria and eight other sites that include parent company VW headquarters in Wolfsburg. Munich prosecutors claim the raids were carried out in order to identify those involved in installing the devices that cheated the diesel test, as reported by BBC. Audi-owner VW has already promised to pay $21 billion worth of settlements in the US.
"With these search orders we aim to clarify in particular who was involved in deploying the technology concerned and in the provision of false information to third parties," the Munich prosecutor's office said in a statement on Wednesday, without naming any suspects. German prosecutors from three states add that the raids in the Audi and VW sites were part and parcel of a US emission tests probe. According to them, buyers of some 80,000 V6 3.0-litre Audi and VW diesel cars that were sold in the US from 2009 to 2015 were unaware of the emissions scandal.
Reports note that the police swoop coincided with a major annual press conference at which Audi CEO Stadler was presenting the company's 2016 earnings. Stadler has run Audi since 2007 and has long been criticized for mishandling the emissions scandal but claims command of the VW board's full support. Sources, on the other hand, claim that Stadler's home was not among those searched.
In a statement, Audi expresses its interest in getting to the bottom of the emission-cheating scandal and vows to fully cooperate with the raids. Meanwhile, the prosecutors stress that cars sold in European markets are outside the scope of the investigation. Last year, Audi increased its diesel scandal-related provisions to 1.63 billion euros as per Reuters.
And the world of NFTs expands far beyond art and collectibles. A new era of tokenized digital assets is being created using the blockchain. Here are seven unique NFT use cases that the interested investor should know.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.