US prosecutors now target Volkswagen’s top management, upsetting Germany

Volkswagen logo. (© School Photo Project).

Last Monday, the US prosecutors held Volkswagen executive Oliver Schmidt, charging him with plotting to deceive the United States, over VW diesel emission scandal. He is to appear today in the U.S. District Court in Miami in a hearing before a U.S. Magistrate Judge. The VW employee was shown shackled and wearing a jail outfit. […]

A Sting Exclusive: “One year on from the VW scandal and EU consumers are still in the dark”, BEUC’s Head highlights from Brussels

Mrs Monique Goyens is the Director General of BEUC (Photo: Pablo Garrigos)

This article was exclusively written for the Sting by Mrs Monique Goyens, the Director General of The European Consumer Organisation (BEUC) At the end of June, Volkswagen car drivers in the US heard that the car company had agreed to provide compensation payments of up to $10,000 to each driver and promised to buy back the […]

VW emissions scandal: EU unable to protect its consumers against large multinationals

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  European governments and officials seem incompetent to protect on the one hand their car consumers and on the other the environment, despite the crucial role Europe played in the climate change agreement that was signed last December in Paris. VW’s diesel emissions scandal has revealed so far that the multinational framework in Europe is much more beneficial for […]

Volkswagen scandal update: “We want clarity fast, but it is equally important to have the complete picture”, Commission’s spokesperson underscores from Brussels

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More than two months have passed since the Volkswagen emissions scandal broke out and the company is still under thorough investigation revealing that many more vehicles are affected by the cheating software and the firm’s fraudulent techniques. Last Monday, the Volkswagen (VW) chief executive officer Matthias Müller stated in Wolfsburg, Germany that the majority of VW’s […]

Starbucks and FIAT again under Commission’s microscope: is Europe ready to kick multinationals out of the house?

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Some multinationals (MNEs) such as FIAT and Starbucks have been overdoing it in the EU for quite some time now. The case of tax investigation of the aforementioned companies on whether they have paid the correct amount of corporate income tax or not is ongoing for over a year now. The Commissioner responsible for Competition, Mrs […]

How dearly will Germany pay for the Volkswagen emissions rigging scandal

Arrival and doorstep comments by Étienne Schneider, Luxembourg Deputy Prime Minister and Minister of the Economy, at the Informal Meeting of Energy, on 23 September 2015, in Luxembourg. He answered questions about the Volkswagen affair without being able to clarify the matter from EU’s perspective. Luxembourg currently holds the rotating EU Presidency. (European Council – Council of the European Union Audiovisual Services. Snapshot from a video footage, 23/09/2015).

The Volkswagen emissions scam exposed by the US authorities last week has more substance than the vast and varied financial, commercial and legal consequences wherever in the world the company is present. VW has a great weight in the German car universe with its 12 brand names (VW, Audi, Porsche, the Volkswagen trucks Scania and […]

How and why Mercedes fakes the EU fuel consumption tests

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Remember the time you bought a new car. You normally visited it at the showroom, took it for a test drive, read the fuel consumption. Those three factors, together of course with the price of the vehicle, formed your purchase decision and selection between competition. Well, it seems that you can count on the showroom visit […]

European Commission: Does Apple, Starbucks and Fiat really pay their taxes?

Press conference by Joaquín Almunia, Vice-President of the EC, on the investigation of the EC on transfer pricing arrangements on corporate taxation of 3 companies (EC Audiovisual Services)

The European Commission (EC) decided two days ago to conduct an investigation which will focus on the tax affairs of Apple, Starbucks and Fiat Finance and Trade in Ireland, the Netherlands and Luxembourg respectively. Basically, EC’s purpose is to examine if the tax authorities of the aforementioned countries are in line with the rules of […]

FIAT Chrysler: from Geneva Motor show to the World, and back

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With a $ 4.35 billion deal, FIAT Group took full control of Chrysler in January 2014 and announced the soon-to-be created FCA, the FIAT Chrysler Automobiles holding company. Thanks to a huge PR campaign, the news shook the markets and generated a shy optimism all around. In such a weak economic situation, the birth of […]

Merkel, Mercedes and Volkswagen to abolish European democracy

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That the German automotive industry is one of the strongest in the world is not news. Most Europeans are rather content in the idea that Europe is well represented in the fierce global automotive arena, not because we are or will ever be shareholders of Mercedes or Volkswagen, but rather because when we see an […]