scandal

Retail Asia11/08/2021

Porsche SE, Volkswagen’s largest shareholder, is facing a lawsuit in the United States over claims related to the carmaker’s diesel emissions scandal. The suit, filed with the Supreme Court of the state of New York in April, targets Porsche SE as well as former members of the management and supervisory boards of Volkswagen, Porsche SE […]

Retail Asia09/01/2020

Investors have sued Daimler for 896 million euros ($1 billion) in a regional court in Stuttgart, accusing the carmaker of concealing its use of emissions cheating software, German law firm TILP said on Tuesday. The suit was filed on behalf of institutional investors who accuse Daimler of failing to inform investors about the risks and […]

Retail Asia06/01/2020

Volkswagen on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW’s diesel cars. In 2015 the carmaker admitted to using manipulated engine management software to mask excessive pollution levels in its diesel cars, sparking a raft of prosecutions and […]

Retail Asia18/10/2018

Volkswagen said on Tuesday that its subsidiary Audi would not contest an 800-million-euro (USD 927 million) fine issued by German prosecutors over “deviations from regulatory requirements” in diesel engines. “Audi AG has accepted the fine” investigators levied for “deviations from regulatory requirements in certain V6 and V8 diesel aggregates and diesel vehicles”, the group said […]

Retail Asia17/07/2018

The Facebook and Cambridge Analytica data harvesting scandal has eroded trust in digital service companies, which has opened a window of opportunity for mobile operators, according to new research from Openet. A survey of consumers in the Philippines, the UK, US and Brazil found that more than 50% of consumers are now less likely to […]

Retail Asia22/12/2015

Scandal-plagued Japanese manufacturer Toshiba Corp. is cutting 6,800 jobs after projecting a net loss of 550 billion yen ($4.5 billion) for the fiscal year through March 2016.Toshiba said Monday it will slash the jobs in its personal computer, video product and consumer electronic businesses. The job cuts equal about 3 per cent of Toshiba’s overall […]

Retail Asia08/05/2015

Tesco provided more information about how it accounts for relationships with suppliers on Wednesday after an accounting scandal that contributed to an annual loss of 6.4 billion pounds ($9.5 billion). Britain’s biggest retailer announced last year it had overstated profits by 263 million pounds due to booking deals with suppliers too early, prompting a criminal […]

Tag: scandal

Porsche SE Faces U.S. Lawsuit Over Dieselgate Scandal

Daimler Sued For $1 Billion In German Court Over Diesel Cheating

Volkswagen Starts Settlement Talks With German Consumer Groups Over Diesel Scandal

Audi To Pay 800 Million Euros Fine Over Dieselgate Scandal

Facebook scandal creates opportunity for cellcos

Scandal-hit Toshiba cuts 6800 jobs, sells Indonesia plant, sees annual loss of $4.5 billion

Tesco Gives More Detail on Supplier Deals After Scandal