Volkswagen faces grilling over emissions scandal - business live

Discussion in 'Market News' started by Lily, Dec 10, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    All the day’s financial and economic news, including an update from VW on its emissions scandal and the Bank of England’s decision on interest rates

    Introduction: VW press conference at 10am GMT

    7.47am GMT

    Today’s pollution scandal press conference will put Volkswagen CEO Matthias Mueller in the spotlight.

    Matthias Mueller - the man brought in to steer the company out of a crisis that is expected to cost it countless billions of euros and has left the reputation of the former paragon of German industry in tatters - is scheduled to field questions from the world’s media at a news conference in VW’s headquarters in Wolfsburg, northern Germany.

    Mueller, 62, has been in the driving seat since the end of September, and was drafted in to replace Martin Winterkorn in the wake of shock revelations that VW systematically installed emission-cheating software in some 11 million diesel engines worldwide.

    7.37am GMT

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, business and the eurozone.

    the current status of the clarification process concerning the diesel issue and on the realignment of the Group.

    Our European opening calls: $FTSE 6095 down 32 $DAX 10527 down 66 $CAC 4604 down 34 $IBEX 9770 down 65 $MIB 21370 down 131

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