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Added on the 03/11/2015 14:43:21 - Copyright : Reuters EN
Shares in Volkswagen dropped by as much as 5 percent after U.S. regulators widen their accusations of emissions test cheating against the German carmaker. As Ciara Lee reports the probe now includes larger diesel engines used in high-end models, including Porsche which the new VW CEO used to run.
German auto supplier Bosch has been accused of conspiring with Volkswagen to evade diesel emissions standards in at least 11 million vehicles worldwide. As Ivor Bennett reports, the class action lawsuit follows a huge fall in VW sales in the U.S.
Islamabad, July 6 (EFE/EPA).- Javed bribed officials from Pakistan's aviation department to pass his exams and obtain his pilot's license, after which he spent years flying ATR and A-320 aircrafts carrying thousands of passengers to various destinations.However, a recent scandal concerning this practice has raised questions over the licenses of some one-third of Pakistani aircraft pilots, and brought shame upon the entire country.(Camera: SOHAIL SHAHZAD).FOOTAGE SHOWS THE OFFICE OF THE STATE-OWNED PAKISTAN INTERNATIONAL AIRLINES (PIA) IN ISLAMABAD, PAKISTAN.
Volkswagen has raised its guidance for group revenue this year and is targeting slightly higher profitability after posting higher autos sales in the third quarter. As Hayley platt reports, Europe's largest automaker expects group revenue to match last year's 213 billion euros after predicting in July that revenue would fall by as much as 5 percent this year.
In another blow to Volkswagen, California's chief air regulator has rejected a proposed recall plan to fix 16,000 vehicles equipped with cheat emissions devices. Hayley Platt reports.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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