Volkswagen's problems continue to mount in South Korea, where it faces criminal charges and a record fine of over $31 million (around AED 113 million) for making false advertising claims about diesel emissions. South Korea has already suspended most sales of the German automaker since August. The country's trade regulator said Volkswagen had falsely claiming their Korean fleet matched the European Union’s strict emission standards. According to media reports, this is the largest fine levied for false advertising.
Ira Spitzer reports from Berlin

Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports
Ferrari leads as Sportico’s F1 team values soar past $34B
Dubai Chambers opens first US office in New York
Dubai Exhibition Centre gears up for mega events