Focus on German Companies in Crisis: The German economy appears healthy, but a number of major companies are warning of cracks beginning to show. Volkswagen and Deutsche Bank are struggling to keep up their images.
German automaker Volkswagen posted a doubled net profit in 2017, selling more cars than ever before. Its bottom line held up despite an emissions scandal, but fallout from a recent testing scandal lies ahead.
Germany's top administrative court has delayed until next week a ruling whether cities can ban heavily polluting diesel cars to improve air quality. A ban would potentially hit 15 million diesel cars in Europe.
The promise follows revelations that German automakers funded studies in which humans and monkeys inhaled diesel fumes. Volkswagen has placed its chief lobbyist on leave following the reports.
US authorities have fined Deutsche Bank and two other European finance institutions for manipulating markets. Germany warned its best-known bank not to overdo bonuses — it'd be bad for its already soured image.
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