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Germany says testing diesel cars of foreign automakers

Germany is subjecting diesel vehicles including those from foreign manufacturers to strict checks, its transport minister said, following Volkswagen's latest disclosure that it gave false data on CO2 emissions. In a deepening scandal, Volkswagen on Tuesday said it had understated the fuel consumption and carbon dioxide emissions of about 800,000 vehicles sold in Europe. VW in September admitted that it had cheated on diesel emissions tests in the United States.

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Germany says testing diesel cars of foreign automakers

said-it-had

Icahn nods at Valeant interest, pushes for cash repatriation law

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

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

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