World News

SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors

WASHINGTON/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, alleging a “massive fraud” on U.S. investors. VW was caught using illegal software to cheat U.S. pollution tests in 2015, triggering a global backlash against diesel that […]

World News

Ford probing possible problems with fuel economy, emissions tests

DETROIT (Reuters) – Ford Motor Co said on Thursday it has hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data provided to regulators or consumers. The issues involving Ford’s testing processes do not involve the use of […]