Expressing his "irritation" with one of Germany's biggest employers, Transport Minister Alexander Dobrindt said on Wednesday that all current models sold under the VW, Audi, Skoda and Seat brands - with both diesel and petrol engines - would be tested for carbon dioxide and nitrogen dioxide emissions.
The US remains on the top with a valuation of USD 19.7 billion, followed by China and Germany at the second and the third positions respectively, as per the annual report on world's most valuable nation brands compiled by Brand Finance. The UK is ranked 4th, Japan is at fifth position and France is sixth on the list.
This recall will affect 1.5 litre Polo GT TDI, 1.5 litre Polo Cross TDI, 1.5 litre Vento TDI, 2.0 Litre Jetta, 2.0 Litre Passat and will include 20,000 units of India-made diesel cars.
"This restructuring will not have any adverse impact on the consolidated financial of the company," it said further. Bharat Forge said that in relation to the new structure, the consequent changes (including legal) to the other entities within the group are being implemented.
Europe is facing its largest refugee crisis since World War II, and policymakers are struggling to cope with it. Divided opinion on how to handle the influx of migrants â€” averaging 8,000 a day â€” has slowed decisionmaking.
Denmark has been rated as the country with the best retirement system in the world. Australia, Germany, Japan, Singapore and the UK have increased their pension age to offset the increase in life expectancies.
VW said on Thursday that it would need to be determined outside the 28-nation EU which classes of engine EA 189 were affected.
The company last week withdrew applications for approval to sell 2016 diesel car car models in the US, the Associated Press reported, after it admitted the cars contain emissions software "that would potentially help their exhaust systems run cleaner during government tests."
Imports tumbled by 3.1 percent to 78.2 billion euros, the biggest one-month decline since November 2012. Germany's trade surplus narrowed to 19.6 billion euros.
Germany just saw the largest slump in exports since the financial crisis, with seasonally-adjusted exports down 5.2 percent to 97.7 billion euros month-on-month.
Asian stocks held firm on Wednesday as a sharp rebound in oil prices supported battered resource shares and emerging economy currencies, while Japanese markets were tentative ahead of a crucial Bank of Japan policy meeting
On government‘s initiatives, Pravin Rao, COO, Infosys says it is a tremendous opportunity to share, exchange information and improve collaboration.
The leaders "committed themselves to bringing about the earliest possible resumption of talks", said a joint statement issued after their three-hour talks.
The fast-track approvals process will ensure that German firms will have a single point of contact in the Indian administration, helping them to navigate a web of red tape that often thwarts business initiative.
The board is considering cost cuts and measures to generate cash flow, but has not discussed selling off VW assets or brands, they said. One source added that a capital increase would become likely if cash costs of the scandal were to exceed a "critical level".
Wolfram Herrle, chief prosecutor in Audi's hometown of Ingolstadt in southern Germany, was quoted as telling the Funke Media group that a preliminary investigation had been launched to see whether to initiate formal proceedings against the company.
The jump in India's position underlines the country's recent economic recovery, improvement in the competitiveness of the country's institutions and its macroeconomic environment and a "slight improvement" in infrastructure, the World Economic Forum (WEF) said in its latest Global Competitiveness Report.
The Maybach brand is back, and Overdrive's Jamshed Patel finds out from Mercedes-Benz's Chakan plant what's changed
In the HSBC 'Expat Explorer 2015' survey, India ranked 10th on the family league table, which ranks each country using a score that summarises the expats' views concerning the family aspects of living in the adopted country.
Some 1.42 million Audi vehicles with so-called EU5 engines are affected in Western Europe, with 577,000 in Germany and almost 13,000 in the United States, a spokesman for Ingolstadt-based Audi said on Monday.
In this new structure, if India has to stake a claim to permanent membership, it has to singlemindedly focus on economic growth, with concomitant military might.
The United Nations high commissioner for refugees said on Saturday the world waited far too long to respond to the refugee crisis sparked by the wars in Syria and elsewhere, though rich countries now appear to understand the scale of the problem.
Angela Merkel learned early in her political career that taking on the German car industry carries risks.
Volkswagen dealers and owners are expressing anger and frustration as word spreads about how the carmaker rigged diesel emissions to pass US tests.
The Heavy Industries Ministry is the nodal authority for implementation of the National Automotive Testing and R&D Infrastructure Project (NATRIP), under which testing and R&D centres have been set up across the country for vehicles.