ARN News Centre

Volkswagen CEO apologises for cheating on auto emissions tests

Monday, 21 September 2015 08:19

Volkswagen CEO Martin Winterkorn has apologised for the car giant using software to cheat emissions tests. It comes after US regulators ordered almost half a million cars to be recalled, after they had a device which lowered nitrogen oxide emissions, but only during testing. Winterkorn said he was “personally” sorry that the trust of customers had broken, and that an external investigation of the matter had been ordered. The U.S. Environmental Protection Agency said Volkswagen could face fines of up to $18 billion (AED 66 billion).

More from Business

UAE, Azerbaijan enter Comprehensive Economic Partnership Agreement

The UAE and Azerbaijan have officially entered into a Comprehensive Economic Partnership Agreement (CEPA) to bolster trade and investment relations between the two nations.
Dubai Properties awards AED 1.1 billion in contracts to advance Villanova community

Dubai Properties, a member of Dubai Holding Real Estate, has awarded contracts worth nearly AED 1.1 billion to Metac General Contracting Co. LLC for the construction of 850 townhouses at Villanova in Dubailand.
Parkin to operate parking spaces near Binghatti developments

Parkin has entered into a multi-year agreement with real estate developer Binghatti Holding, where it will operate approximately 1,200 spaces across selected Binghatti developments.
UAE, Uzbekistan explore partnerships in new economy sectors

The UAE's Minister of Economy and Tourism, Abdulla bin Touq Al Marri, has met with a high-level delegation from Uzbekistan to explore ways to strengthen economic and investment ties.
Dubai and Shanghai trade bodies hold talks to boost business ties

Dubai Chambers has held talks with a major Chinese trade body in Shanghai aimed at strengthening economic ties and increasing trade and investment between the two markets.