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Nov 15, 2015
11/15
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KCSM
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and vw has to pay the court costs. >> up to now, vw was france's best-loved foreign brand. and some people's faith remains unshaken even now. the beetle, the vw's most famous car ,enjoys a particularly loyal following. this driver says he's clocked up 400,000 km in his. in the beetles' club, there are even conspiracy theories making the rounds. >> vw is the number one worldwide. that's why they're getting a drubbing now. it's not a coincidence. envy is also playing a role. i'm sticking with volkswagen. and i'm sure that if volkswagen did manipulate things, then other car companies have probably done exactly the same. >> but vw didn't just make headlines in france because of the emissions fixing scandal itself. two agencies responsible for placing vw advertising in france also tried to muzzle the french press. according to the journalists involved, the agencies refused to place ads in newspapers unless they agreed to drop reports critical towards volkswagen. the french reacted with satire rephrasing vw's international , slogan volkswagen --das auto, with c02 -- das problem.
and vw has to pay the court costs. >> up to now, vw was france's best-loved foreign brand. and some people's faith remains unshaken even now. the beetle, the vw's most famous car ,enjoys a particularly loyal following. this driver says he's clocked up 400,000 km in his. in the beetles' club, there are even conspiracy theories making the rounds. >> vw is the number one worldwide. that's why they're getting a drubbing now. it's not a coincidence. envy is also playing a role. i'm...
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Nov 3, 2015
11/15
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BLOOMBERG
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the vw scandal has widened. the vehicles have equipment to alter their emission system when they are not being tested. volkswagen denied the claims. hans nichols joins us from berlin. first of all, what exactly are the charges? hans: the charges are that volkswagen when they were applying to get permits to have their car sold in the states, they were not entirely honest. it is a different charge that what we have against that initial claim of 483,000 the theylls the dp device and actively try to defeat regulators and tried to figure out how much carbon dioxide they were emitting. what is interesting here is the the eminence volkswagen is issuing their denial. they are saying they need to clarify this, but they are not at fault. they are insisting they have not done wrongdoing. the challenge for volkswagen includes porsche. there are only 10,000 vehicles affected. it includes porsche and audi. these are the v6, the 3 leaders. up to this point, it has been the smaller engines. it is going to be on another headache
the vw scandal has widened. the vehicles have equipment to alter their emission system when they are not being tested. volkswagen denied the claims. hans nichols joins us from berlin. first of all, what exactly are the charges? hans: the charges are that volkswagen when they were applying to get permits to have their car sold in the states, they were not entirely honest. it is a different charge that what we have against that initial claim of 483,000 the theylls the dp device and actively try...
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Nov 10, 2015
11/15
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CNBC
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. >> when we talk more generally in this scandal, the non-vw brands of the vw groups slightly managed to stay out of it in consumers minds and investors minds as well. are all of those brands all very much in the mix now? >> well, they're sharing components and engines. >> they accuse them of using defeat devices and they have that engine. 200,000 units globally so i think it's fair to assume that every brand is being effected here. >> and when we talk about the extension of the scandal, they outlined that that was just 800,000 further vehicles following 11 million. so it's not ground breaking. is this a small extension of the scandal? >> the first number was 11 million. now additional 800,000 even though some of those might be in the 11 million. it seems that vw tries to turn up every stone and they don't know what to expect and what to discover from here and that's why the eu commission has now set them a deadline. they have another 10 days to come clean and provide the information needed. >> can i get your view on a headline that just came through? porsche is outlining their stake
. >> when we talk more generally in this scandal, the non-vw brands of the vw groups slightly managed to stay out of it in consumers minds and investors minds as well. are all of those brands all very much in the mix now? >> well, they're sharing components and engines. >> they accuse them of using defeat devices and they have that engine. 200,000 units globally so i think it's fair to assume that every brand is being effected here. >> and when we talk about the...
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Nov 4, 2015
11/15
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BLOOMBERG
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vw is a mass product. porsche is the premium. arndt: you're right. in the u.s., the economic damage from being forced out of the market and consumers walking away over time is very significant. in addition, you're facing penalties and lawsuits which might be very severe. that is i think the market's biggest concern. in europe, i think the consumer is pretty sticky with volkswagen as a brand. i do appreciate that they are taking the action now, investigating. manus: matthias mueller ran porsche. arndt: i know that. manus: do you think he's a worried man? he ran it. arndt: he's obviously worried about everything that is going on within volkswagen. theuldn't be surprised if board knew what's been going on. different question whether they should have known. manus: i cannot get my head around the fact that a board might not know what's going on. do you think that is truly beyond scandalous? arndt: i think the board should have known. going back to the culture, nothing has been reported, the question hasn't been asked. on the three liter diesel engine, i t
vw is a mass product. porsche is the premium. arndt: you're right. in the u.s., the economic damage from being forced out of the market and consumers walking away over time is very significant. in addition, you're facing penalties and lawsuits which might be very severe. that is i think the market's biggest concern. in europe, i think the consumer is pretty sticky with volkswagen as a brand. i do appreciate that they are taking the action now, investigating. manus: matthias mueller ran porsche....
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Nov 5, 2015
11/15
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KCSM
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tell us about reporting on vw. what is shocking is that that dirt flicking up in the face of vw. reporter: this is getting worse on a daily basis, and especially with the american market. this is an entirely new dimension. first of all, switching from diesel to gasoline, a much bigger marker segment, now switching to bigger cars, which in america specifically is a much bigger market segment. if you look at the cars that we are talking about right now, the cayenne and others, and they have a higher profit margin, so this will cost them even more profit. a lot of these cars have been pulled from the dealership, and the sales numbers here are plummeting to zero, and, yes, we have the problem with the brakes , too, so this is eroding trust in volkswagen and in all of the other brands, and in german brands in general. ben: all right, they say germany's largest bank, deutsche bank, has agreed to pay 258 million dollars with sentient companies like iran and syria -- has agreed to pay $250 million for doing business with places like iran and syria. reporter: their business was good and s
tell us about reporting on vw. what is shocking is that that dirt flicking up in the face of vw. reporter: this is getting worse on a daily basis, and especially with the american market. this is an entirely new dimension. first of all, switching from diesel to gasoline, a much bigger marker segment, now switching to bigger cars, which in america specifically is a much bigger market segment. if you look at the cars that we are talking about right now, the cayenne and others, and they have a...
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Nov 20, 2015
11/15
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KCSM
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it built key components of vw engines and says u.s. authorities are investigating whether a new or participated in the scandal. vw has until friday to tell regulators how it will fix the nearly half a million diesels riggged in the u.s. and it is scrabbling to get drivers on board with gift and free roadside assistance. reporter: muted applause met the chief michael horn at the los angeles auto show. he is struggling to get vw back in the public's good graces. he reiterated his company's remorse for installing emissions test cheating software in its cars and promised an honest way forward. >> we are cooperating fully with the regulators and will continue to do so. reporter: whatever he does to satisfy regulators and consumers, it will be expensive. it has reserved nearly $7 billion to cover the costs of its cheating. u.s. environment regulators have said vw faces up to $18 billion in fines. some experts say the carmaker's while performing markets could offset the costs it is facing elsewhere. >> lucky thing for vw, where they make the
it built key components of vw engines and says u.s. authorities are investigating whether a new or participated in the scandal. vw has until friday to tell regulators how it will fix the nearly half a million diesels riggged in the u.s. and it is scrabbling to get drivers on board with gift and free roadside assistance. reporter: muted applause met the chief michael horn at the los angeles auto show. he is struggling to get vw back in the public's good graces. he reiterated his company's...
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Nov 4, 2015
11/15
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CNBC
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vw and porsche shares back into the red. as you can see the declines we're seeing for the dax benchmark and for the first time petrol cars are being dragged into this scandal. it was mostly diesel engines. 800,000 vehicles have been effected by another problem. this time involving carbon dioxide emissions. and this could lead to a 2 billion euro charge for the car maker. the issue is in addition to the on going defeat device investigation which involves up to 11 million vehicles and this latest discovery was made during an internal probe. it doesn't specify which models but this time, yes it does inlewd petrol as well as diesel engines. separately vw is recalling certain calls in the u.s. and canada according to a reuters report citing an personal memo to dealers. it could reduce engine and break power telling dealers not to sell anymore vehicles they currently have in inventory. >> in shares of japan is takata. they plummeted this morning after honda said it will no longer not use it's air bags in future vehicles. this come
vw and porsche shares back into the red. as you can see the declines we're seeing for the dax benchmark and for the first time petrol cars are being dragged into this scandal. it was mostly diesel engines. 800,000 vehicles have been effected by another problem. this time involving carbon dioxide emissions. and this could lead to a 2 billion euro charge for the car maker. the issue is in addition to the on going defeat device investigation which involves up to 11 million vehicles and this latest...
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Nov 4, 2015
11/15
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CNBC
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vw also recalling certain cars when it comes to the u.s. and canadian markets a cording to a reuters report citing a memo to dealers that reuters got ahold of. the issue could reduce engine and brake power telling dealers not to sell anymore vehicles in it's inventory. and i'm so lucky this morning because steve stuck around from squawk box. i guess more importantly this involves now carbon dioxide inside of nitrusoxide. >> they will still make cars when this dies down. some of the best names on this planet. the problem is when this all dies down, it's getting from bad to worse. they have taken a 6.7 billion euro hit in the third quarter but if we're talking about carbon dioxide, credit suisse saying the magnitude could be four times as much plus this revelation that's shocking that mpgs on cars may not be accurate. we have all known that miles per gallons on vehicles are eroneous. they say change the rules then. so this is much focused on the regulators as it is on volkswagen today because the regulators across europe have been useless mak
vw also recalling certain cars when it comes to the u.s. and canadian markets a cording to a reuters report citing a memo to dealers that reuters got ahold of. the issue could reduce engine and brake power telling dealers not to sell anymore vehicles in it's inventory. and i'm so lucky this morning because steve stuck around from squawk box. i guess more importantly this involves now carbon dioxide inside of nitrusoxide. >> they will still make cars when this dies down. some of the best...
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Nov 2, 2015
11/15
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FOXNEWSW
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they're all higher-end cars made under the vw brand, as i said. and this has been going on, this testing of other cars has been going on since the initial violation was revealed a couple of months ago. and according to richard cory of the california air resources board, quote, these tests have raised serious concerns about the presence of defeat devices on additional vw, audi and porsche vehicles. now, those defeat devices he's referring to, gretchen, essentially caused the cars to give out a completely different set of emissions when they're being tested than when they're actually being driven on the open road. the epa says, by the way, that another 10,000 vehicles are affected by this latest violation. gretchen? >> wow! obviously vw is in a whole lot of legal and now financial trouble as well, right? >> yeah. and those two very much tied together. the epa is obviously pursuing this quite vigorously. they actually said in a statement today, and i quote here, vw has once again failed its obligation to comply with the law that protects clean air fo
they're all higher-end cars made under the vw brand, as i said. and this has been going on, this testing of other cars has been going on since the initial violation was revealed a couple of months ago. and according to richard cory of the california air resources board, quote, these tests have raised serious concerns about the presence of defeat devices on additional vw, audi and porsche vehicles. now, those defeat devices he's referring to, gretchen, essentially caused the cars to give out a...
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cost could be an extra $2 billion, the company disposed error after conducting after emissions test, vw already railing, that was on 11 million cars worldwide. that comes on the heels of a 5% lost here in the states yesterday. >> cheryl: japanese auto maker honda honda announcing announcing that it will no longer use takata. massive air bag recall case. the faulty air bag are responsible for eight deaths and more than 100 injuries worldwide. regulators also asked to stop making until the company improve that they are safe. it flew they were defective but failed to recall them in a timely manner. >> nicole: that's right, they had a big payout to pay because of it. lots of up arrows, you have positive comments from president xi jinping. the hang seng up 2.1%. nikkei and kospi up. >> cheryl: let's see how europe is following with those asia numbers. kind of a mix bag. you have the ftse, the dax in germany down 20 points. >> nicole: u.s. stock market futures have been to the upside, want 2%, dow futures and nasdaq futures up 6. >> cheryl: let's look at oil, a gain of 5 cents, pretty flat so
cost could be an extra $2 billion, the company disposed error after conducting after emissions test, vw already railing, that was on 11 million cars worldwide. that comes on the heels of a 5% lost here in the states yesterday. >> cheryl: japanese auto maker honda honda announcing announcing that it will no longer use takata. massive air bag recall case. the faulty air bag are responsible for eight deaths and more than 100 injuries worldwide. regulators also asked to stop making until the...
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Nov 3, 2015
11/15
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KTVU
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vw disney -- did not come clean after the first charges. in september, volkswagen admitted it rigged a test on a four-cylinder diesel models. >> vw has once again failed its obligation to comply with the law that protects clean air for all americans. >> the epa says the newly discovered violations include 10,000 vehicles including the porsche cayenne, audi a 6, 7, and 9 model. vw says the new charges are a misunderstanding and it is working to clarify the issue. >>> federal safety regulators plan to add automatic braking to their five star safety rating system. the national highway traffic agency rating is designed to help shoppers find the most important safety technologies to look for in new cars. now, the automatic braking feature will be added to the ratings for the 2018 model year. automatic braking systems using sensors to warn of a collision and if the driver does not apply the brakes, the brakes automatically engaged. accident investigators say that automatic braking could help prevent half a million injuries a year. >>> hunger game
vw disney -- did not come clean after the first charges. in september, volkswagen admitted it rigged a test on a four-cylinder diesel models. >> vw has once again failed its obligation to comply with the law that protects clean air for all americans. >> the epa says the newly discovered violations include 10,000 vehicles including the porsche cayenne, audi a 6, 7, and 9 model. vw says the new charges are a misunderstanding and it is working to clarify the issue. >>> federal...
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Nov 4, 2015
11/15
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BLOOMBERG
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vw scandal widens. the carmaker says an extra 800,000 vehicles may be involved in another a emissions scandal. the crisis had so far centered on diesel engines. hans nichols has been in berlin. an incredibly busy man. who made this latest revelation? and the price tag that can be attached to it. nejra: hans: volkswagen came up with this last night. they put together a press release saying they discovered emissions regularities with carbon dioxide. up to this point, we have been talking nitrogen oxide. you did mention that the petrol- gasoline engines are affected, but a spokesman says this is a small number. we are basically talking and 1.4 liter engine. leader --.8, and to 2.0 liter engines are also affected, but we don't know how many are affected on the petrol side and the diesel side. we have the volkswagen polo, the a3f, the audi, the a1, hatchback. here is what muller said last night, when he was basically coming clean. he said, from the very beginning i set out to ensure that we mercilessly and c
vw scandal widens. the carmaker says an extra 800,000 vehicles may be involved in another a emissions scandal. the crisis had so far centered on diesel engines. hans nichols has been in berlin. an incredibly busy man. who made this latest revelation? and the price tag that can be attached to it. nejra: hans: volkswagen came up with this last night. they put together a press release saying they discovered emissions regularities with carbon dioxide. up to this point, we have been talking nitrogen...
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Nov 11, 2015
11/15
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WJLA
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some vehicle owners say that is not enough and they want vw to buy the cars back. they are concerned they will not be up to resell the cars because of the scandal. leon: 7 on your side is here to help. alison: if you need help from the 7 on your side reach out any time. the e-mail address, tips@wjla.com. leon: thank you for joining us this evening, and remember 7 is discover the world animals, seen those before but sometimes they do it on their own mmm foot wow food for giants oooo no wonder no one has eaten this sandwich kids discover the world with their mouths detergent is harmful if swallowed, so keep laundry pacs up and away from children brought to you by tide with cleto and the cletones. >> announcer: from hollywood, it's "jimmy kimmel live!" tonight, anthony anderson. from "the hunger games," jena malone. and music from chris cornell, with cleto and the cletones. and now, for the most part, here's jimmy kimmel! ♪ [ applause ]
some vehicle owners say that is not enough and they want vw to buy the cars back. they are concerned they will not be up to resell the cars because of the scandal. leon: 7 on your side is here to help. alison: if you need help from the 7 on your side reach out any time. the e-mail address, tips@wjla.com. leon: thank you for joining us this evening, and remember 7 is discover the world animals, seen those before but sometimes they do it on their own mmm foot wow food for giants oooo no wonder no...
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Nov 3, 2015
11/15
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BLOOMBERG
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now, vw, of course, is denying it. they say no software has been installed in those engines to thate emission results in way. whether or not the latest allegations are true, there is the reputation in the u.s. at the time when other carmakers are doing pretty well in that market. nissan just raised its full-year forecast with a boost and demand from north america. the net income target was less than 10% of $4.4 billion, and the operating profit forecast up more than 8%. back to you, rish. ofh: the reserve bank australia coming out with the latest policy statement. they are not really looking for a change, and they do expect these rates to remain at the record lows, but we will look at the arguments for and against. in sydney with expectation, not really any change, but i guess there is a lot to be talked about. it should be a fairly lively meeting anyway. reporter: it should be. for the first time this year, it is in the balance. 17 of the 29 economists spoke to say it will change for you there also pricing in a cut, a
now, vw, of course, is denying it. they say no software has been installed in those engines to thate emission results in way. whether or not the latest allegations are true, there is the reputation in the u.s. at the time when other carmakers are doing pretty well in that market. nissan just raised its full-year forecast with a boost and demand from north america. the net income target was less than 10% of $4.4 billion, and the operating profit forecast up more than 8%. back to you, rish. ofh:...
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Nov 6, 2015
11/15
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KCSM
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germany's transport minister s signaled more problems coming vw's way. outsider dortmund says -- alexander dortmund says taxes will have to be factored in somehow. either the company pays or they get passed on to the consumer. reporter: in germany, cars are taxed based on their emissions levels. that means, car owners would have been paying less sachsen they should have. the incentive to understate to attract customers is high. the minister says it is depriving german state coffers of 108 billion euros of revenue every year. the emissions scandal has severely tarnished's green -- tarnished germany's green credentials. >> consumers another countries trust the made in germany brand as a mark of quality. it's a really strong indication of good quality control. if it turns out the german authorities fail to carry out proper checks, that is likely to have a big impact, not only on cars, but many other products, too. reporter: the consumer protection group says the volkswagen scandal is only the tip of the iceberg and that cheating on emissions tests is endemi
germany's transport minister s signaled more problems coming vw's way. outsider dortmund says -- alexander dortmund says taxes will have to be factored in somehow. either the company pays or they get passed on to the consumer. reporter: in germany, cars are taxed based on their emissions levels. that means, car owners would have been paying less sachsen they should have. the incentive to understate to attract customers is high. the minister says it is depriving german state coffers of 108...
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Nov 4, 2015
11/15
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BLOOMBERG
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vw doing better than anticipated in those numbers? hans: the brand itself came in flat, basically 0.24%. a slight increase. but given the sort of bad pr month they have had, you expected little lower. auydi came in 17% higher. look at the other numbers, a lot of u.s. automakers had a very good month. these are october figures. you see fiat chrysler, toyota up 13. gm leading the pack at 16%. we saw the last two months is the best two months in the last 15 years, annualized rates of 18.2 million vehicles in the u.s.. that market is strong. as we saw from the figures on the audi side, luxury and he's holed up in the state. nicholse work, hans joining us from berlin. anna: plastic with mccarthy. tesla surged on news that will deliver at least 50,000 vehicles this year, set to unveil its more affordable model 3 next month. corey johnson has more from san francisco. reportedla third-quarter earnings. it was quite a doozy. they sold more cars than ever before and lost more money than ever before. $937 million, selling 11,000 cars in the quar
vw doing better than anticipated in those numbers? hans: the brand itself came in flat, basically 0.24%. a slight increase. but given the sort of bad pr month they have had, you expected little lower. auydi came in 17% higher. look at the other numbers, a lot of u.s. automakers had a very good month. these are october figures. you see fiat chrysler, toyota up 13. gm leading the pack at 16%. we saw the last two months is the best two months in the last 15 years, annualized rates of 18.2 million...
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5.0
Nov 4, 2015
11/15
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CNBC
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vw and porsche shares are hitting the skids as a new emissions scandal effects 800,000 cars in europe and looks set to cost another 2 billion euros and here's a discount for you. groupon shares are plunging 25%. this is after the ceo steps down and the deals website issues guidance well below forecasts. >> midweek in the markets everybody. we're looking at the highest close for did dow and also the s&p since july this year. checking in on the implied open, futures are telling us we're above fair value. pricing in gains of 34. should be looking at gains of 10
vw and porsche shares are hitting the skids as a new emissions scandal effects 800,000 cars in europe and looks set to cost another 2 billion euros and here's a discount for you. groupon shares are plunging 25%. this is after the ceo steps down and the deals website issues guidance well below forecasts. >> midweek in the markets everybody. we're looking at the highest close for did dow and also the s&p since july this year. checking in on the implied open, futures are telling us we're...
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Nov 17, 2015
11/15
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CNBC
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. >> vw pays the price for its emissions scandal as auto sales slip in october and the german auto maker losing market share to rivals bmw and diamler. >> u.s. secretary of state john kerry has just arrived at the palace in paris for a meeting with hollande. this after he called on the u.s. and russia to unite in the fight against the isis in syria. france has launched a second night of air strikes on the country in the wake of the paris terror attacks. addressing both houses of parliament he will also be meeting with barrack obama and vladimir putin to discuss a joint strategy. >> we all need a coming together of all of those that can really fight against this army of terrorists in the form of a large and unique coalition. that's what we're working on. it's in this spirit that i will meet with president obama and president putin in the coming days to unite our forces and reach a result which has been put off for too long. >> russia has also confirmed that a bomb did down a russian aircraft over egypt last month. vladimir putin says moscow should intensify strikes in syria to punish thos
. >> vw pays the price for its emissions scandal as auto sales slip in october and the german auto maker losing market share to rivals bmw and diamler. >> u.s. secretary of state john kerry has just arrived at the palace in paris for a meeting with hollande. this after he called on the u.s. and russia to unite in the fight against the isis in syria. france has launched a second night of air strikes on the country in the wake of the paris terror attacks. addressing both houses of...
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Nov 30, 2015
11/15
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KSTS
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onay53ivmo: uaivi: stala: riipesiudedear d hi: anos ola: n ansc 5saa sa 59 an cz:7 lfooba 5 veor 5mota vw:6 ntcla:5 mlona--ces esa prme psan tier lun 4a s ezta vo -umtal erdeiÑ qu vjasos trla frte dmxo loesdo unosnoe er u pta eecl ea tci-- keo/ana imen deolor q esanl shlon rto napad p u drn.eenem m dess abi ta vlo-spren oyn cteel spho dabr egenna ina "and paenoo ecora.. procpaes z.. ke vo --exrt denuel el rre unvecid nc tevia, usde cantieo lol,lou entlmteod pvor umton nelelarn laprm dad..--en deseprialoro nt l case ely go pdtoeldehio. --es sda coc cnd er mdiesst eudoenarbuan sucnepa cbar mb cmto. junf/vox- hlao trein aurad feres crmean dis gudaenreran la jua 1 jese ta qu ptipnese y s eon ddiiereena cofenc iercialob "mb cmto. ps esn teug, e ere alzan ri pteasn fent paese ana se el brn phi q s eftemafeacne maiv..-- eerquma 0 l peon mch h ela ll pisas. lenta v--el redee amdi h epas,uestosnis ecocsuap ela crcideosroem eel mb cmto, tbise omote herlgal reeo.. -l ndar pt rblpara d fursi noe toanccneagsis ra er s isnede rbo. - omae un cosu hoogcho, den l poana q aosas e orneenauc ctr ecaioliicy
onay53ivmo: uaivi: stala: riipesiudedear d hi: anos ola: n ansc 5saa sa 59 an cz:7 lfooba 5 veor 5mota vw:6 ntcla:5 mlona--ces esa prme psan tier lun 4a s ezta vo -umtal erdeiÑ qu vjasos trla frte dmxo loesdo unosnoe er u pta eecl ea tci-- keo/ana imen deolor q esanl shlon rto napad p u drn.eenem m dess abi ta vlo-spren oyn cteel spho dabr egenna ina "and paenoo ecora.. procpaes z.. ke vo --exrt denuel el rre unvecid nc tevia, usde cantieo lol,lou entlmteod pvor umton nelelarn laprm...
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Nov 3, 2015
11/15
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WTXF
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german auto maker previously admitted to rigging tests on millions of its cars, and an monday vw also installed software, designed to defeat emissions tests on a additional 10,000 vehicles. >> vw has once again failed to comply with the laws that protects clean air for all americans. >> reporter: according to federal regulators the the latest violation involves vehicles with largest diesel engines including certain porsche and audi models. >> we are issuing this notice of violation because we have clear evidence of these additional violations and we thought it was important to put vw on notice, and to inform the public. >> reporter: epa says software enables cars to drive more powerfully on the road, as opposed to when being tested. that results in the vehicles emitting nine times more nitrogen oxide pollution to be allowed. >> to see that kind of malice, just disregard, as opposed to those selling cars and put more power in them is a very serious violation. >> reporter: emissions scandal has caused major problems for volkswagen. the cot's ceo resigned and auto maker posted first quar
german auto maker previously admitted to rigging tests on millions of its cars, and an monday vw also installed software, designed to defeat emissions tests on a additional 10,000 vehicles. >> vw has once again failed to comply with the laws that protects clean air for all americans. >> reporter: according to federal regulators the the latest violation involves vehicles with largest diesel engines including certain porsche and audi models. >> we are issuing this notice of...
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25
Nov 8, 2015
11/15
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BLOOMBERG
tv
eye 25
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jonathan: the vw scandal widens, vw says additional vehicles may be involved in their scandal as they found faulty omission readings in petrol vehicles. it had centered on diesel vehicles. hans nichols has been in berlin. take us through the latest twist. who made this latest revelation? what is the price tag that could be attached to it? hans: they came up with his last night and said they discovered emission irregularities. we were talking that nitrogen oxide. jonathan: do we need to talk about corporate communication, vw is messing this up in terms of pr? hans: i would not go that far. they are doing crisis management 101 which it gets to the bottom of what they know and the minute they know it, they disclose it. we are six weeks into the scandal and they discovered they have a carbon dioxide irregularity as well as a nitrogen dioxide irregularity. the bigger issue is that we don't know how consumers will react to carbon dioxide. right? this goes hand-in-hand and is a direct relationship between will -- fuel economy and carbon emissions. if you have been cheating on your carbon emi
jonathan: the vw scandal widens, vw says additional vehicles may be involved in their scandal as they found faulty omission readings in petrol vehicles. it had centered on diesel vehicles. hans nichols has been in berlin. take us through the latest twist. who made this latest revelation? what is the price tag that could be attached to it? hans: they came up with his last night and said they discovered emission irregularities. we were talking that nitrogen oxide. jonathan: do we need to talk...
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what is interesting about this, vw is pushing back. vw is saying you guys got it wrong this time. david: i actually got a quote, from a vw spokesperson who says, and i'm quoting what the issue is clear does the u.s. want competition in the american market or not? clear, gary, what they're saying or implying that there is crony capitalism that the epa is being used by american car companies to keep out competition. any truth to that at all? >> it is very possible that the epa might have jumped gun on this. independent tests when you test them on real world roads they emit more emissions than in the lab. doesn't mean they have cheater software. volkswagen fessed up to cheater software on other 11 million cars and trucks in this case they said it was not there. they were putting out nine times emissions. cheater ones putting out 40 times emissions. might be a situation where the vehicles don't do as well in real world but there is no code in there saying hey, you're being tested, perform better during the test and do it other way in real world. it will be interesting. i don't see why
what is interesting about this, vw is pushing back. vw is saying you guys got it wrong this time. david: i actually got a quote, from a vw spokesperson who says, and i'm quoting what the issue is clear does the u.s. want competition in the american market or not? clear, gary, what they're saying or implying that there is crony capitalism that the epa is being used by american car companies to keep out competition. any truth to that at all? >> it is very possible that the epa might have...
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Nov 3, 2015
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and the vw scandal is widening. regulators have ended their pro two include more models from regulatorsrsche -- have increased their probe to include more models from audi and porsche. blizzard -- activision-blizzard has agreed to buy king digital entertainment for about $1 billion more than the value of their close yesterday. -- -- ndy crushed" maker "candy crush" maker has fallen from its highs in july. king is essentially headquartered in dublin and based in london, listed in the state. this is a really big premium. caroline: it is. 16% premium. beingillion is what is bet on by activision-blizzard. betting on mobile gaming, and industry they say could be worth more than $50 billion by 2019. close to some 50%. this is an international firm that they are buying. it was born out of sweden. now headquartered in dublin. what makes dublin such an attractive place for technology companies? the corporate tax rate, the attractive corporate tax rate. coup for european companies, seeing this size deal. there are some risks.
and the vw scandal is widening. regulators have ended their pro two include more models from regulatorsrsche -- have increased their probe to include more models from audi and porsche. blizzard -- activision-blizzard has agreed to buy king digital entertainment for about $1 billion more than the value of their close yesterday. -- -- ndy crushed" maker "candy crush" maker has fallen from its highs in july. king is essentially headquartered in dublin and based in london, listed in...
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Nov 3, 2015
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. >> another twist in the road for vw. u.s. regulators expand their investigation into luxury cars dragging porsche and audi further into the scandal. >>> despite an incredibly strong october we managed to get a little bit of gains in europe yesterday and the same is true once again despite a negative open for the stoxx 600. it takes us into 20 basis point of gains so far today. let's have a look at the individual markets. where is that playing out? we have the ftse 100 up today. it was down yesterday weighed by the mining sector because of china's pmi. germany is just below flat. france the other side of flat where as italy is up a nice 0.6%. >> checking in on shares of standard chartered bank. they raise $5.1 billion in capitol and this is part of a radical overhaul being introduced for the new ceo. they'll also slash some 15,000 jobs and close some 10% of its branches. it also follows a 3rd quarter loss in performance and described as being disappointed. the first quarterly loss since the asian financial crisis. he had to go
. >> another twist in the road for vw. u.s. regulators expand their investigation into luxury cars dragging porsche and audi further into the scandal. >>> despite an incredibly strong october we managed to get a little bit of gains in europe yesterday and the same is true once again despite a negative open for the stoxx 600. it takes us into 20 basis point of gains so far today. let's have a look at the individual markets. where is that playing out? we have the ftse 100 up today....
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cheryl: the environmental protection agency widening investigation to include about 10,000audy and vw models. in any impermissible way, the latest charges follow vw's emission 11 million cars worldwide. >> nicole: two giants in the video game industries are joining forces. maker of 2012 hit candy crush saga. $24billion in cash. the deal works out to $18 a share. the name behind call of duty and also war of world craft and will give a foothold of smartphone gaining. better than expected earnings. >> cheryl: let's start with asia right now. asia markets, we should say japan's market was close overnight for holiday, shanghai composite and kospi i i edging over night. >> nicole: the cac is slightly lower. >> cheryl: tuesday morning of trading, we are down just slightly, the dow futures and s&p down 3 on s&p and 26 on the dow. >> nicole: bringing on the commodities. a mix bag here is oil. about a quarter, 46, 42, gold pulling back. >> cheryl: here is how the dollar is trading against key u.s. currencies, anyway, here is the dollar versus the euro, canadian dollar and the peso, anyway the d
cheryl: the environmental protection agency widening investigation to include about 10,000audy and vw models. in any impermissible way, the latest charges follow vw's emission 11 million cars worldwide. >> nicole: two giants in the video game industries are joining forces. maker of 2012 hit candy crush saga. $24billion in cash. the deal works out to $18 a share. the name behind call of duty and also war of world craft and will give a foothold of smartphone gaining. better than expected...
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Nov 3, 2015
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it takes the shine off the vw sales that were posted today. vw also owns audi. sales have grown since the diesel scandal. jamie: sales were up a little, much better than expected. a had analysts predicting small gain, others producing more than 20% drop. a good game for audi, better than average. the market is really growing rapidly for everything else. butcially on the vw brand, also on audi, they ramped up their prices, just to maintain their sales when they are at intermarket it's otherwise going great. scarlet: jamie joining us from detroit. this is another layer of uncertainty for the company of for germany. volkswagen is extremely important when it comes to germany and their manufacturing and export sector. alix: it's already seen the effect on the conference numbers -- consumer confidence numbers. germany is dealing with all this fallout from the gw -- vw cheating scandal. scarlet: much more ahead. stay with us. ♪ scarlet: welcome back to "bloomberg markets." and scarlet fu. alix: economist brendan brown believes it caused a global monetary plague. caro
it takes the shine off the vw sales that were posted today. vw also owns audi. sales have grown since the diesel scandal. jamie: sales were up a little, much better than expected. a had analysts predicting small gain, others producing more than 20% drop. a good game for audi, better than average. the market is really growing rapidly for everything else. butcially on the vw brand, also on audi, they ramped up their prices, just to maintain their sales when they are at intermarket it's otherwise...
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Nov 21, 2015
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vw officials told environmental authorities that the use of cheating devices began five years earlier than originally reported. the company said models with larger engines were involved in the scandal, which had previously focused on cars with smaller engines. on friday, the carmaker had to present details to u.s. officials about plans to make its vehicles compliant with the countries emission standards. >> a record return to the dutch stock market. back seven years after being bailed out. is it enough to ring that gone? the government is hoping to recoup some of the dutch recoup some of the billions. still holds 18%. extra high security in the malaysian capital. world leaders have arrived for the ozzie and summit. unconfirmed reports of an imminent terrorist threat. the president of the united states says the talks will focus on security. >> overshadowed by the attacks in paris and molly. kuala lumpur is on hilar for possible attacks speed a large contingent of security to forces -- secured forces have been employed. barack obama wants to expand economic ties with southeast asia and
vw officials told environmental authorities that the use of cheating devices began five years earlier than originally reported. the company said models with larger engines were involved in the scandal, which had previously focused on cars with smaller engines. on friday, the carmaker had to present details to u.s. officials about plans to make its vehicles compliant with the countries emission standards. >> a record return to the dutch stock market. back seven years after being bailed...
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Nov 3, 2015
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the new charges are a misunderstanding according to vw. they are working to clarify the issue. >>> federal safety regulators plan to add automatic braking to their five star safety system. the ratings are designed to help shoppers find the most important safety technologies to look for in new cars. the automatic braking feature will be added to the ratings for the 2018 model year. automatic braking systems use sensors to warn of a collision and if the driver doesn't apply the brakes, the brakes automatically engaged. accident investigators say automatic blood -- braking could help prevent half a million injuries a year. >>> two recent polls show ben carson leaving the republican presidential race. a new nbc poll has the neurosurgeon ahead of donald trump by six points nationwide. trump still leads in new hampshire but florida senator marco rubio is seeing a surge there, in the meantime, some of the republican unity we were seeing yesterday over frustration about the most recent debate seems to be melting away. >> stop complaining. do me a
the new charges are a misunderstanding according to vw. they are working to clarify the issue. >>> federal safety regulators plan to add automatic braking to their five star safety system. the ratings are designed to help shoppers find the most important safety technologies to look for in new cars. the automatic braking feature will be added to the ratings for the 2018 model year. automatic braking systems use sensors to warn of a collision and if the driver doesn't apply the brakes,...
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Nov 3, 2015
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next, vw, bmw beats and the third quarter. jon: welcome back to bloomberg tv. live from the city of london, the fog has cleared and the ftse 100 is doing absolutely nothing. let's get you up to speed on bloomberg's top stories. the reserve bank's of the key benchmark rate while opening the door to cuts in the future. the outlook may for the scope for further -- further easing of that policy. will cut 15,000 jobs by 2018 after reporting and on accepted quarterly loss. raise 3.3ays it will billion pounds in a rights issue. activision blizzard has agreed to buy king digital entertainment for 5.9 billion pounds. candy crush maker king digital has fallen more than 30% since the height in july of last year. there are some of the top stories. let's get to some of your top stock stories. nejra: there is a lot moving today. i will focus on three. lower today as one of the worst performers on the stock 600. net incomes more than doubled in the third quarter. it was a beat. legalprovisions for probes. that helps them swing to a profit. year's also pushed next profitabilit
next, vw, bmw beats and the third quarter. jon: welcome back to bloomberg tv. live from the city of london, the fog has cleared and the ftse 100 is doing absolutely nothing. let's get you up to speed on bloomberg's top stories. the reserve bank's of the key benchmark rate while opening the door to cuts in the future. the outlook may for the scope for further -- further easing of that policy. will cut 15,000 jobs by 2018 after reporting and on accepted quarterly loss. raise 3.3ays it will...
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Nov 4, 2015
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vw did not say which vehicles are affected. this new trouble follows an emissions scandal in which vw admits it cheated. asian stocks are up today, with hong kong leading gains. u.s. stock futures are also up after energy companies rallied yesterday, boosting the dow 89 points. and investors will also be watching capitol hill today where janet yellen will testify on how the federal reserve oversees the financial system. randy: new trouble this morning for fantasy sports sites draftkings and fanduel. a texas-based gaming systems developer is now suing them for patent infringement. the sites have been using their technology without paying for it. it allows for real-time interaction between gamers and companies. draftkings and fanduel have not commented. emily: new this morning -- this might seem like last call, but it' s the first call for this group of all ages. randy: believe it or not, this is 7:00 a.m. on a wednesday in new england. erika is back with the fitness and health movement dancing its way to the boston area. erika:
vw did not say which vehicles are affected. this new trouble follows an emissions scandal in which vw admits it cheated. asian stocks are up today, with hong kong leading gains. u.s. stock futures are also up after energy companies rallied yesterday, boosting the dow 89 points. and investors will also be watching capitol hill today where janet yellen will testify on how the federal reserve oversees the financial system. randy: new trouble this morning for fantasy sports sites draftkings and...
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Nov 16, 2015
11/15
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trying to control, vw win back customers after in omissions cheating scandal. the news starts now. >> now, abc 7 news at 11:00, on your side. france is retaliating after the worst attacks in paris since world war ii, the french military launching massive syriaikes against isis in tonight. the police have made several arrests, but more searches continue for members of the sleeper cell that carried out the violence. several key suspects were stopped, then released by the police after friday's attack. tributes continued across the world with president obama ordering american flags to be flown at half staff at the white house and all government buildings. marci gonzales is in paris with top story. in parisquiet evening after panic earlier today, the sound of fireworks sending people running into the streets, ducking for cover. this is clearly a city still on edge. momento's of morning filling the sidewalk surrounding the scene of friday's terror. one of them in the police a is responsible for the attacks that killed 129 people is still on the run. french authoritie
trying to control, vw win back customers after in omissions cheating scandal. the news starts now. >> now, abc 7 news at 11:00, on your side. france is retaliating after the worst attacks in paris since world war ii, the french military launching massive syriaikes against isis in tonight. the police have made several arrests, but more searches continue for members of the sleeper cell that carried out the violence. several key suspects were stopped, then released by the police after...
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Nov 11, 2015
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the country is counting on firms like vw staying and expanding. anchor: sea world, the multibillion-dollar entertainment chain in the u.s., is under pressure from california regulators and animal-rights groups to kill off their killer whale shows. there are especially loved, and the company says in the future, the focus on the shows will be on conservation. here is more. reporter: it is not exactly like the plot of "free willy," but orcas will no longer be forced to perform tricks for shows as they try to clean up their image. accidents have damaged the themepark reputation, and attendance has been decreasing as a result, and now, it is curtains for the killer whales, animal-rights activists say the world is still not doing enough. anchor: an end to their tawdry performance is inevitable, but it is actually captivity that denies these far ranging orca to engage in activities that are important to them. reporter: they not only want the show scrapped, but they want them released into the wild and their capture made illegal. until recently, it's the
the country is counting on firms like vw staying and expanding. anchor: sea world, the multibillion-dollar entertainment chain in the u.s., is under pressure from california regulators and animal-rights groups to kill off their killer whale shows. there are especially loved, and the company says in the future, the focus on the shows will be on conservation. here is more. reporter: it is not exactly like the plot of "free willy," but orcas will no longer be forced to perform tricks for...
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Nov 7, 2015
11/15
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vw has echoes of enron for some people. situation, at that is it difficult to reduce the risk in your portfolio? that 85% ofink emissions come from about 35% of the stock market including transportation, if you have a process, a screening or excluding or if you are an active investor, investing in mitigation, you can reduce the risk of this exposure quite materially. for the last several years, it has not cost you anything in terms of hamas. from janusus now capital in california is -- the sun is not even up there but i'm sure there is a bright glow emanating from washington that you can see from there. am glued too and i six of my bloombergs and they are all telling the same story that it's almost 100% yellow light changes in december to break green -- two bright green. before going to bed, i calculated that any jobs number over $150,000 would be sufficient. the fed views the economy and future inflation through a phillips curve lens that speaks to low unemployment and a new around 5.25% which is now below that. i think th
vw has echoes of enron for some people. situation, at that is it difficult to reduce the risk in your portfolio? that 85% ofink emissions come from about 35% of the stock market including transportation, if you have a process, a screening or excluding or if you are an active investor, investing in mitigation, you can reduce the risk of this exposure quite materially. for the last several years, it has not cost you anything in terms of hamas. from janusus now capital in california is -- the sun...
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Nov 4, 2015
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jon: it is also cloudy for vw. only about diesel engines, it is about gasoline powered engines as well. hans nichols joins us. implications, the the deepening scandal, how significant is the new news? hans: volkswagen estimates this will cost 2 billion euros. they discovered irregularities in carbon dioxide emissions on 800,000 vehicles. a small number, only the 1.4 liter engines, are petro/gasoline powered engines, the rest are diesel engines. the rest have a problem with emissions.oxide this is a significant stockade, we have seen that take a pounding. we have seen volkswagen trying to get to the bottom of the scandal. to what he had to say. this is the new ceo from porsche . from the beginning, i set out to set out that we mercilessly clear up the situation. it is a painful process, but there is no alternative. the scary thing for volkswagen's they don't know where the end of the scandal is, but they are trying to get to the bottom of it. is scary for investors as well. they are asking, how deep is this whole? a
jon: it is also cloudy for vw. only about diesel engines, it is about gasoline powered engines as well. hans nichols joins us. implications, the the deepening scandal, how significant is the new news? hans: volkswagen estimates this will cost 2 billion euros. they discovered irregularities in carbon dioxide emissions on 800,000 vehicles. a small number, only the 1.4 liter engines, are petro/gasoline powered engines, the rest are diesel engines. the rest have a problem with emissions.oxide this...
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Nov 13, 2015
11/15
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LINKTV
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vw attributes part of the fall to temporary sales ban on diesel cars in western europe. october was the first full month of training after vw's admission in september that it had been cheating on a mission tests. at global leaders will be gathering in turkey to talk about the state of the global economy this weekend. the discussions may be overshadowed right the division over the war in syria. it is also seen as a chance for leaders to get onto the same page on climate issues ahead of a u.n. summit in paris. to awe're going to turn spice that is worth its weight in gold. iran is the world's biggest producer of saffron, but the industry in the islamic republic has been way down by sanctions in recent years. western powers are preparing to ease those sanctions. iranian saffron makers are hoping for a boost. reporter: it has been called iran's red gold. early in the morning, dozens of women come to harvest these flowers, known as the saffron croaker's. cçç 11/13/15 11/13/15 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! i was stand
vw attributes part of the fall to temporary sales ban on diesel cars in western europe. october was the first full month of training after vw's admission in september that it had been cheating on a mission tests. at global leaders will be gathering in turkey to talk about the state of the global economy this weekend. the discussions may be overshadowed right the division over the war in syria. it is also seen as a chance for leaders to get onto the same page on climate issues ahead of a u.n....
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Nov 3, 2015
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vw admitted to rigging tests. six cylinder engines were tampered with. it expands to porche and audi. they are threatening to fine $30,000 per car. >>> thousands of pounds of ground beef have been recalled due to e. coli. all american meat of omaha issued that recall. it was shipped nationwide in 50 and 80-pound boxes. a sell by november 3 and establishment 20420. anyone with that product should it away. >>> the e. coli outbreak that temporarily shut down dozens of chipotle restaurants was likely caused by contaminated vegetables. they received at least 100 calls and e-mails from people who recently ate a chipotle at got sick. so far only three cases have been confirmed as e. coli contamination. yesterday. >>> a new study is raising concern over rear-facing car seats this morning. if found infant crash test dummies had serious head injuries in rear-end car crashes. the injuries were more severe when they were attached with latch anchors instead of seat belts. infants and young children are seats. >>> it is 4:17. head on out to the roads where things are
vw admitted to rigging tests. six cylinder engines were tampered with. it expands to porche and audi. they are threatening to fine $30,000 per car. >>> thousands of pounds of ground beef have been recalled due to e. coli. all american meat of omaha issued that recall. it was shipped nationwide in 50 and 80-pound boxes. a sell by november 3 and establishment 20420. anyone with that product should it away. >>> the e. coli outbreak that temporarily shut down dozens of chipotle...
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vw stock sliding again this mornindown as much as 5%. >>> well, the e. coli outbreak linked to chipotle restaurants in the northwest is growing. at least 37 cases have been reported. scientists have now identified the microorganism responble for the outbreak. they believe it was carried on fresh produce like tomatoes, lettuce, cilantro onions, possib even spices, as well. >>> a couple of airlines have a holiday gift for travelers, higher baggage fees. merry christmas. that's some sosort of gi. spirit airlines is contiing what it started last year, hiking fees for checked luggage on flights during the holidays and frontier airlines is following suit charging an extra $5 to $10 for checked and carry-on baggage for flights betweethanksgiving week and just after new year's. >> that gets a bah humbu >> it does. scrooge. you're welcome. >>> when we come back, another tragedy on the field. a young football player losing his life. so what happened in th latest incident? >>> and lucky escape, a plane parachute. creams come with high hopes, but hope... doesn't wor
vw stock sliding again this mornindown as much as 5%. >>> well, the e. coli outbreak linked to chipotle restaurants in the northwest is growing. at least 37 cases have been reported. scientists have now identified the microorganism responble for the outbreak. they believe it was carried on fresh produce like tomatoes, lettuce, cilantro onions, possib even spices, as well. >>> a couple of airlines have a holiday gift for travelers, higher baggage fees. merry christmas. that's...
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Nov 9, 2015
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took the unprecedented step of halting sales of all diesel vws and sorts things out. lksw en's stock has been cut in half since the cheating story first broke. and with thanksgiving only two weeks away more and more retailers are announcing their intentions of whether they'll be opened for the holiday, toys r us saying it'll be open at 5:00 p.m. on thanksgiving to give shoppers a head start on black friday deals. sears, macy's, and staples said they will be open o thanksgiving. walmart has yet to announce its intentions, but you can be sure it'll be open on thanksgiving last year the number o o brick and mortar retailer said that 22 million customers shopped its stores. walmart stores on thanksgiving. so you can imagine they'll want to take advanltage of that opportunity again. >> i'm still amazed that people have the energy after eating all of that food to go shopping. >> yeah, it hasn't kicked in yet apparently. >> all right. take what they can get, thanks so much. >> see you tomorrow. >>> feels like fall again. >> yeah. >> after last week. >> how about this morning? >> chilly. >>
took the unprecedented step of halting sales of all diesel vws and sorts things out. lksw en's stock has been cut in half since the cheating story first broke. and with thanksgiving only two weeks away more and more retailers are announcing their intentions of whether they'll be opened for the holiday, toys r us saying it'll be open at 5:00 p.m. on thanksgiving to give shoppers a head start on black friday deals. sears, macy's, and staples said they will be open o thanksgiving. walmart has yet...
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Nov 3, 2015
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the epa claims vw installed software to rig tests on 10,000 new luxury vehicles sold in the u.s. including audi and porsha models with six cylinder diesel engines. the 5u9 thoughmaker tells us those car did not have the software. vw has admitted 11 million vehicles cheated tests. >>> automatic braking added by the government to its rating system. that system.designed to help consumers identify the most important safety technologies in new cars. automatic braking warns drivers of a collision and engages the vehicle's brakes automatically if a driver does not. it would be added to the rating system starting with 2018 models. >>> public health investigators in washington and oregon expect new cases of e. coli to be reported today. chipotle has closed 4 restaurants till the results are in. investigators believe the outbreak may be linked to produce. >>> amazon is going retro opening its first brick and mortar store this morning in seattle called amazon books. it will stock about ,000 titles including best sellers and am done customer favorites. the major difference from traditional s
the epa claims vw installed software to rig tests on 10,000 new luxury vehicles sold in the u.s. including audi and porsha models with six cylinder diesel engines. the 5u9 thoughmaker tells us those car did not have the software. vw has admitted 11 million vehicles cheated tests. >>> automatic braking added by the government to its rating system. that system.designed to help consumers identify the most important safety technologies in new cars. automatic braking warns drivers of a...
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Nov 4, 2015
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the vw diesel engine scandal is, i think, you know -- it's so horrible. you can understand people being really revolted by, it and that followed immediately on the heels of the general motors scandal relative to the problem with cars killing people. you look at these issues. all the sudden you look at tesla, which quite clearly is operating, you know, as the automotive equivalent of apple, right? trying to do something where, you know, they may have a profit motive behind it, but they're leerl trying to get those profits by doing what customers want and need. >> they moved to a mid price -- i suspect the stock will work from this value, but that's still two years away. that's going to have a lot of volatility, i think, between here and there. >> nobody is in this stock right now for the profits, right? you are seeing it as. >> look, they have 9.5% growth in the first half of last year to the second half. the question could be to hit this 11.4% growth by delivering 12,000 cars in the back half of the we're, and they're on track to actually exceed that. a v
the vw diesel engine scandal is, i think, you know -- it's so horrible. you can understand people being really revolted by, it and that followed immediately on the heels of the general motors scandal relative to the problem with cars killing people. you look at these issues. all the sudden you look at tesla, which quite clearly is operating, you know, as the automotive equivalent of apple, right? trying to do something where, you know, they may have a profit motive behind it, but they're leerl...