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Facing U.S. storm, VW set for easier ride in Europe on emissions scandal
January 9, 2016 by creative · Leave a Comment
By Barbara Lewis and Kirstin Ridley BRUSSELS/LONDON (Reuters) – Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU sources and legal experts say. The carmaker has been embroiled in crisis since last September, when it admitted it …
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Facing U.S. storm, VW set for easier ride in Europe on emissions scandal
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Icahn nods at Valeant interest, pushes for cash repatriation law
November 4, 2015 by creative · Leave a Comment
Billionaire investor Carl Icahn made a cryptic reference suggesting he has an interest in embattled drug maker Valeant on Tuesday, and said he was speaking to U.S. politicians about a corporate cash repatriation law that would deter so-called tax inversion deals. “I’m not in Valeant, well, I don’t want to say I’m not completely in it but I’m not going to tell you where I am with it,” Icahn said, when asked about the company at…
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Icahn nods at Valeant interest, pushes for cash repatriation law
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VW says fuel usage understated on some models; Porsche warns
November 4, 2015 by elegant · Leave a Comment
Volkswagen on Tuesday said it had understated the fuel consumption of 800,000 cars sold in Europe, while majority stakeholder Porsche Automobil Holding SE warned that VW's latest findings could further weigh on its results. The latest revelation about fuel economy and carbon dioxide emissions, which Germany's largest automaker said represented a roughly 2 billion euro ($2.19 billion) economic risk, deepened the crisis at VW. The scandal…
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VW says fuel usage understated on some models; Porsche warns