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Volkswagen ‘suspends research chiefs at VW, Audi and Porsche’

Volkswagen has reportedly suspended its research and development chiefs following the emissions scandal. Those leading future projects for its VW, Audi and Porsche brands have...

Aldi reports fall in UK profits despite revenues surging to new record

Discount retailer Aldi reported a fall in its UK profits today as the supermarket price war there took its toll on earnings despite sales...

Shell to end Alaska offshore Arctic drilling

Royal Dutch Shell is to end exploration in offshore Alaska for the foreseeable future. The company said an exploratory well drilled to 6,800 feet found...

Spain tells Volkswagen subsidiary Seat to return clean vehicle subsidies

Volkswagen subsidiary Seat will be required to return subsidies it received from the Spanish government to produce “efficient vehicles”, Spain’s minister of industry, energy...

Volkswagen appoints new CEO

Volkswagen has a new boss and he is pledging to do everything to win back the trust of the public. CEO Matthias Mueller, who was...

Blackberry endures bigger-than-expected losses

Smartphone firm Blackberry posted a bigger-than-expected second-quarter loss on Friday of US$66m, as revenues slumped by 46% to $490m. The Canadian firm has struggled to...

Volkswagen emissions scandal ‘affects light commercial vehicles as well’

Light commercial vehicles made by Volkswagen appear to be affected by the scandal over software used to cheat US emissions tests, according to Germany’s...

Campaigners condemn George Osbourne’s business pitch to China

Anti-HS2 campaigners have attacked George Osborne’s decision to launch the bidding process to build the high speed rail line. They believe it is too early...

VW cars in Europe ‘also have software built in’

The software at the centre of Volkswagen’s emissions scandal in the US was built into its cars in Europe as well, though it is...

Volkswagen shares fall amid emissions scandal

Shares in car manufacturer Volkswagen are falling for a third consecutive day amid its widening emissions rigging scandal. Volkswagen’s share price fell by 4% to...

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