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.
The first major court case against Volkswagen in Germany over its cheating in emissions tests involving millions of diesel cars begins Monday. It will examine whether the auto giant should have informed investors sooner.
The ministry said there is no new information in a Bild newspaper report on VW cheating emissions tests for petrol cars. Volkswagen has admitted cheating on emissions tests for diesel vehicles.
Volkswagen has announced that the "New Beetle," a playful spin on the classic bug, will become a thing of the past as of next year. Many Americans have fond memories of the car, despite its roots in Germany's Nazi past.
In his first full-year report on Volkswagen's endeavors to clean up its emissions-cheating mess, a US compliance auditor has urged more transparency. He said he did not get all the documents he wanted to see.
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