German carmakers face EU anti-trust inquiry over emissions

BMW, Daimler, VW, Audi and Porsche suspected of colluding to limit clean technologyBrussels has launched an anti-trust investigation into whether BMW, Daimler, Volkswagen, Audi and Porsche, known as the “circle of five”, colluded to limit the developme…

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UK defence contractor billed US more than $50m in expenses

Expenses included luxury cars and salaries paid to ‘significant others’ of company’s top executives, according to Pentagon

A British company hired to help train Afghan intelligence officers billed the US government for more than $50m (£38.4m) in expenses that included luxury cars and salaries paid to the “significant others” of the company’s top executives, according to a Pentagon audit.

New Century Consulting (NCC) also spent $42,000 on automatic weapons, using cash to get around a prohibition in the contract on purchasing the firearms and showered other personnel with hefty pay and bonuses. Missouri senator Claire McCaskill summarised the audit’s major findings in a letter to the US defence secretary, Jim Mattis, which she released on Wednesday.

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VW emissions: bosses face investigation over claims they misled investors

Matthias Müller and predecessor accused of knowingly keeping information from shareholders about financial consequences of testing scandal

The Volkswagen chief executive and his predecessor are facing an investigation by German authorities into whether they misled investors by not releasing information about the company’s cheating on diesel emissions tests soon enough.

Prosecutors in Stuttgart yesterday formally launched their case against Matthias Müller and his predecessor Martin Winterkorn, who resigned as VW chief executive when the diesel emissions scandal broke in September 2015. The investigation relates to their role as executives in 2015 at Stuttgart-based Porsche Automobil Holding SE, the holding company that controls Volkswagen. Porsche SE chairman Hans Dieter Pötsch is also under investigation.

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Porsche to back Volkswagen’s former management at AGM

Shareholder conference is VW’s first since its emissions scandal broke in September last year

Porsche, Volkswagen’s controlling stakeholder, will endorse the carmaker’s former top management at a shareholder meeting on Wednesday, a spokesman said, despite new regulatory probes related to the diesel emissions scandal.

Volkswagen’s supervisory and management boards last month recommended that shareholders ratify actions taken by the management board in 2015, because an investigation of the carmaker’s emissions scandal, which broke in September, had until then failed to uncover potential wrongdoing by senior managers.

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Volkswagen recalls Touaregs and Porsches in latest hit to reputation

German car manufacturer’s reputation takes yet more battering as 800,000 VW vehicles and Cayenne SUV units feared to have defects in pedals

Volkswagen is recalling 800,000 vehicles due to a suspected problem with the pedals, dealing another blow to the beleaguered German carmaker.

VW has issued the alert after internal checks found a fastener in the pedal system could become loose. The company is recalling 391,000 of its Volkswagen Touareg sports utility vehicles (SUV) and 409,477 Porsche Cayennes, which is also an SUV. This includes 14,600 Porsches in the UK, although the number of Cayennes has not been been confirmed.

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Coming soon to new cars and trucks: ‘infotainment’ systems are smart stereos

Apple and Android are leading push to get systems that combine audio functions with vehicle information into cars from the world’s largest automakers

Over the next few years, it’s reasonable to expect that any new car or truck you might buy will come equipped with one of two “infotainment” systems: Apple or Android.

An infotainment system is the successor to the car stereo – a system that combines audio entertainment functions with vehicle information.

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Pledge to save Volkswagen jobs as new losses revealed

Parent company Porsche says jobs ‘must not be squandered’ as it takes out €20bn loan and police raid Italian offices

The dynasty that controls Volkswagen has vowed to protect jobs, as the company reportedly took a €20bn (£14bn) loan to help it survive the diesel emissions scandal.

Fallout from the affair widened on Wednesday, as fresh data in Germany showed a dip in sales and police raided the Italian offices of VW’s parent company, Porsche.

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