Business

Wirecard goes bust as scandal puts focus on German oversight

An accounting scandal at one of Germany's fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country's ...

Automotive

Mass English lawsuit over VW 'dieselgate' reaches court

Volkswagen faced its first mass lawsuit in the English courts on Monday over the "dieselgate" emissions scandal, with around 90,000 drivers demanding compensation from the German auto giant.

Business

VW diesel scandal cost German carmakers plenty

The Volkswagen diesel emissions scandal pulled down sales for other German car companies by about 105,000 vehicles worth $5.2 billion in 2016, according to a study that looked at how much collective reputation matters.

Automotive

Porsche risks fine in new legal tussle over diesel cheating

German prosecutors on Monday said they have launched fresh legal proceedings over Porsche's role in the diesel emissions cheating scandal that erupted in 2015, which could leave the luxury carmaker facing a hefty fine.