Author Archives
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Will VW bite the bullet and claim damages from top past and current executives?
Internal investigations have yet to assign responsibility for the diesel emission scandal that has plagued Europe’s top car manufacturer. Hans Dieter Poetsch, Volkswagen’s chairman has stated that the company’s supervisory board is looking at the possibility of claiming damages from… Read More ›
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Porsche backs VW’s former management at its AGM
Porsche SE has 52% voting rights in VW. VW‘s internal investigation committee has yet to point any accusatory finger at former VW’s supervisory board members or at its senior management. Volkswagen’s controlling stakeholder, Porsche Automobil Holding SE, will endorse VW’s… Read More ›
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British car manufacturing industry could be severely affected in case of Brexit
If Brexit were to happen Jaguar Land Rover could face a $1.47 billion in taxes by 2020. According to two sources who are familiar with the matter at hand, Britain’s largest car manufacturer, Jaguar Land Rover, could face the brunt… Read More ›
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Boeing confirms sale of a number of aircrafts to Iran
Boeing has however not provided the quantity and type of aircrafts in question along with their delivery schedules. Boeing has disclosed that it has signed an agreement with Iran Air for the sale of its jetliners. This disclosures confirms news… Read More ›
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Commerzbank examining the stashing away of funds in alternate locations to avoid ECB’s charge of 4 euros per 1,000 euro deposit.
Despite pumping in more than 1 trillion into the economies of the EU, the lack of risk takers is creating multiple fractures and is fueling the rise of euro-sceptics in Germany. According to sources who are familiar with the matter… Read More ›
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Twitter now allows sharing of 140 second videos
The earlier limit of 30 seconds has been extended to 140 seconds. Happy Tweeting! Known for its 140 character limit for its tweets, Twitter has now decided to allow its users to tweet videos of upto 140 seconds. It had… Read More ›
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Tesla offers $2.8 billion for acquiring SolarCity
According to Elon Musk, the deal is a “no brainer” since it fits very well into Tesla’s broad strategy. SolarCity has liabilities of $6.24 billion, including debt. Tesla Motor Inc’s pioneering CEO, Elon Musk has sought to acquire SolarCity Corp… Read More ›
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Cyberspace Administration of China crackdowns on online comments
Cyberspace Administration of China is in the process of cleansing comments it deems unhelpful or is critical of the state’s policies. In efforts aimed at promoting only comments which are aligned to its objectives, China’s internet regulator has launched a… Read More ›
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Wal-Mart sells 5% stake in Yihaodian and acquires 5% stake in JD.com
Through this deal Wal-Mart aims to expand its footprint in the burgeoning Chinese e-commerce market. Wal-Mart Stores Inc has reported that it wants to sell its 5% stake in Chinese e-commerce Yihaodian to JD.com so as to buy a 5%… Read More ›
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Labaton Sucharow LLP files proposed class action lawsuit on VW on behalf of Boston Retirement System
In the U.S., Volkswagen has until June 28 to reach a settlement with regulators and car owners for its diesel emission cheating scandal. The public pension fund for Boston municipal employees, Boston Retirement System has filed the first bondholders proposed… Read More ›
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