A materials engineer fired by Tesla Motors earlier this year is suing the automaker, claiming that his age led to the dismissal.
The discrimination suit filed by Thomas Flessner, 69, paints a picture of a Logan’s Run-like corporate atmosphere that values youth above all else, Fusion reports. It’s the latest in a steady stream of complaints about the youth-focused culture within the tech industry. (Read More…)
How much can we chop away while keeping the body alive?
The U.S. Justice Department’s plans for Volkswagen’s criminal fine is like a horror movie, only with corporate finances playing the role of a writhing human subject.
According to two sources close to the negotiations, the DOJ wants to extract as much monetary lifeblood from the automaker as possible, while keeping the company afloat, Bloomberg reports. (Read More…)
After German media reported his suspension last week, Audi announced today technical development boss Stefan Knirsch is stepping down and leaving the automaker.
The executive, who sat on Audi’s management board, found himself caught up in the investigation surrounding Volkswagen’s diesel emissions scandal. Meanwhile, a German newspaper claims that newly discovered documents show ex-Volkswagen CEO Martin Winterkorn mislead U.S. authorities before the scandal broke. (Read More…)
Despite witnesses claiming Audi CEO Rupert Stadler was involved in the Volkswagen emissions scandal, the law firm investigating the company has reportedly found no evidence to support the claim.
According to company sources, U.S. law firm Jones Day found nothing that suggests the company chairman had any prior knowledge of the brand’s rigged diesel engines, Reuters reports. (Read More…)
It’s not the podium an automaker wants to find itself on top of.
After marking the first anniversary of its emissions debacle, former “clean diesel” builder Volkswagen finds itself staring down the barrel of $9.15 billion in investor lawsuits, the Wall Street Journal reports.
When it comes to being sued by investors, no German company can match Volkswagen’s performance. (Read More…)
Who knew what, and when? That’s what investigators at U.S. law firm Jones Day plan to find out when it puts Audi chief Rupert Stadler on the hot seat in its investigation of the Volkswagen diesel scandal.
According to a report in Germany’s Der Spiegel, witnesses at the company claim Stadler knew about the diesel deception as early as 2010, Bloomberg reports.
The news comes as another German publication reports the suspension of Audi technical development boss Stefan Knirsch. (Read More…)
Tesla’s dream of establishing a sales footprint in America’s auto manufacturing heartland is dead, at least for now, after Michigan lawmakers slammed the door on its direct sales bid.
The electric automaker’s application for a dealership license was denied after state representatives claimed it violated a law specifically designed to keep companies like Tesla out, The Detroit News reports. (Read More…)
An Erie, Pennsylvania Buick-GMC dealer, its owner and general manager, and another man were indicted this week for wire fraud over a bogus loan application scheme.
A U.S. District Court handed down the indictment on Tuesday, Automotive News reports, with court documents alleging the three men submitted fake car loan applications through “straw individuals.” (Read More…)
A criminal charge has been laid in the U.S. Justice Department’s probe into the Volkswagen diesel emissions scandal.
A Volkswagen engineer pleaded guilty to conspiracy charges in a U.S. District Court in Detroit today, Reuters reports. (Read More…)
Reid Bigland gained plenty of accolades during his rise up the corporate ladder at Fiat Chrysler Automobiles, but the company’s U.S. sales head now finds himself in a different type of spotlight — the center of the automaker’s sales tampering scandal.
Sources close to the issue claim that federal investigators have turned their focus to Bigland, whose signature is found on many questionable documents, Bloomberg reports. (Read More…)