Volkswagen’s third-quarter figures have been released – and they’re not pretty. Berlin is being criticized for its handling of the scandal as well, in which millions of cars were fitted with devices to cheat emissions tests.
The German carmaker has lodged a complaint with Germany's highest court, seeking to overturn a lower court's ruling that it must appoint a special auditor to investigate its Dieselgate emissions scandal.
Snapchat owner Snap has reported surging growth in users in its latest quarter, reviving hopes it can survive competition with Facebook's Instagram. Revenues were up sharply, but so were quarterly losses.
It hasn’t been the best week for BMW. On Thursday, South Korea said it was fining the company for flouting emission rules and on Friday, a Swiss court confirmed a fine of $158 million for breaking competition laws.
Snapchat is currently getting a redesign to make it easier to use. But the new look will not make the latest earnings report from its parent company any prettier for investors who had hoped for much better results.
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