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The head of German luxury sports vehicle maker Porsche, Matthias Mueller, has been picked to succeed Martin Winterkorn as the chief executive of scandal-battered auto giant Volkswagen, the business daily Handelsblatt reported on September 24. Matthias Mueller, the 62-yead-old...

“As part of this work they will re-run laboratory tests where necessary and compare them against real world driving emissions“.

“Volkswagen needs to terminate the employment of everyone who approved – either explicitly or tacitly – the fraud”, said Cindy Schipani, a professor at the University of Michigan’s Ross School of Business.

For the executive, the switch was a symbol of his commitment to reversing years of underperformance in the world’s most competitive auto market.

“We expressly value his critical and constructive approach”. 23, 2015 he is stepping down.

Standard & Poor’s warned it may cut Volkswagen‘s credit rating over the pollution cheating scandal, as fellow rating agency Fitch did on Wednesday. “Clearly, when you look at his profile, he’s had a very Volkswagen-centric career”, says...

“We don’t yet have figures for how many of these 11 million cars that are apparently affected are in Europe”, Mr Dobrindt said.

Last week, the EPA accused the German automaker of using a “defeat device”, an algorithm that detects when the vehicle is being tested by the EPA and changes its performance to meet emissions standards.

Apple’s new music streaming service has attracted more than 11 million members during its free trial period, a result that music industry experts called respectable but not overwhelming.

Mr. Cue also revealed that of that sum 2 million have selected the family plan at $14.99 a month for up to 6 people. The real question is how many Apple customers will decide to pay for the music streaming service once the free trial has run its course? The music service offers...

If Apple converts all trial users into subscribers, in just three months Apple Music will have half as many users as Spotify has managed to reach in seven years.

The company is reported to have topped $1.7 billion in sales through its virtual store; it is not surprising to see that China contributed the most towards Apple achieving this number.