Volkswagen’s new CEO Herbert Diess says the carmaker must become more honest and open. He made the comments in an address to shareholders at the company’s Annual General Meeting.
Chief executive Christian Sewing has promised to speed up the embattled bank's "transformation," as he faced disgruntled shareholders and activists in Frankfurt.
Major oil company investors are starting to use their voting rights to speak out against a lack of climate action. Shareholders in Shell and Equinor have already had their say, now BP is in the spotlight.
The penalty may be significantly less than the ones handed out to Volkswagen, Audi and Porsche, but auto parts supplier Bosch has become the latest big-name casualty of the "Dieselgate" scandal.
The German automaker says its 2019 operating profit will be the same as last year, due to a huge vehicle recall bill. Authorities have ordered the recall of 770,000 diesel cars installed with emitting-cheating software.
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