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U.S. Commerce Department to place restrictions on China’s ZTE

March 6, 2016 by · Leave a Comment 

The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for allegedly violating U.S. export controls on Iran, according to documents seen by Reuters. The restrictions will make it difficult for the company to acquire U.S. products by requiring ZTE's suppliers to apply …

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U.S. Commerce Department to place restrictions on China’s ZTE

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VW chairman, CEO knew of defeat devices early: Bild

March 6, 2016 by · Leave a Comment 

Volkswagen AG's current chairman and chief executive were alerted by the carmaker's former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker disclosed the scale of its manipulations, Bild am Sonntag reported, without citing the source of the information. Martin Winterkorn, who resigned within a week of Volkswagen's (VW) biggest-ever corporate…

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VW chairman, CEO knew of defeat devices early: Bild