Volkswagen suspends R&D heads of core brand, Audi and Porsche

NULL

Volkswagen (VW) has suspended three Research and Development (R&D) chiefs. They are of its core VW brand, luxury division Audi and sports-car maker Porsche, according to sources. The German automobile’s supervisory board recently agreed to make a number of unidentified employees go on leave until details of VW’s emissions cheating scandal were clarified and resolved. Volkswagen recently named Porsche head Matthius Mueller as its new CEO as it emerged that 2.8 million vehicles in Germany may have been affected by the scandal.

More from Business News

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

On Virgin Radio today

  • Avery

    11:00am - 2:00pm

    Best day of the week, we're playing the music!

  • Maz Hakim

    2:00pm - 6:00pm

    The biggest hits for Saturday afternoon

Trending on Virgin Radio