VW exCEO told of defeat device admission weeks before news was public

first_imgVolkswagen’s former chief executive Martin Winterkorn was informed that the car-maker had told regulators it was using defeat devices two weeks before the scandal became public, German tabloid Bild am Sonntag reported Sunday.It said it was in possession of a letter sent Sept. 4, 2015, by an unnamed manager directly to then-CEO Winterkorn that said: “In the conversation on 03.09.2015 with the regulator CARB (California Air Resources Board), the defeat device was admitted. (sic)”Volkswagen’s US CEO Michael Horn told a U.S. House of Representatives hearing in October the company had told regulators Sept. 3 it was using defeat devices.A letter pointing to the then-CEO could lend weight to the cases of shareholders planning to sue Volkswagen for compensation for the plunge in its share price, saying VW should have told the public as soon as it became aware.The law firm acting for Winterkorn, who resigned on Sept. 23, was not immediately reachable for comment.A Volkswagen spokesman said the company declined to comment on an ongoing investigation.German financial watchdog Bafin is investigating whether Volkswagen breached disclosure rules when it admitted to falsifying U.S. emissions tests in September. It said last month the probe would probably take several more months.In parallel with investigations by various authorities, Volkswagen has hired law firm Jones Day to carry out an internal probe into identifying who ordered engineers to develop and install software designed to cheat U.S. diesel-emissions tests, and who knew.The discovery of the cheating, which U.S. authorities announced Sept. 18, unleashed one of Volkswagen’s biggest-ever scandals, leading to the resignation of several top managers and likely to cost it tens of billions of dollars.The news wiped 17 percent, or more than €13 billion ($14.2 billion), off Volkswagen’s market value on the next trading day.Volkswagen is expected to present the first results of its investigation in April. It has said so far it has no reason to believe that more than a few people were involved in the cheating, and not at top level.last_img read more

WATCHPolicemen awarded for saving life of woman who attempted suicide with husband

first_imgTwitterThe two Rachakonda Police personnels who saved the life of a woman after she attempted suicide with her husband got awarded for their work by the Rachakonda Police Commissioner, Mahesh Muralidhar Bhagwat in Hyderabad on Monday. The Commissioner tweeted a picture of the policemen getting awarded. Due to the prompt action of the policemen, the woman got saved, but her husband died.HC Mahipal of #Jawaharnagar Patrol Mobile who saved a life of a lady who attempted to commit suicide rewarded by #CP_Rachakonda Mahesh Bhagwat IPS. HG Driver Naveen also rewarded. @hydcitypolice @cyberabadpolice @TelanganaDGP https://t.co/yjSYHniQSL pic.twitter.com/F9rRQirtrj— Rachakonda Police (@RachakondaCop) May 27, 2019The incident happened in the Jawahar Nagar area. Head constable Mahipal and driver Navin of Rachakonda police station reached the spot after being alerted by the neighbours and immediately without wasting any time carried the woman to the police vehicle to take her to the hospital. The condition of the woman is stated to be critical.” A married couple identified as Murli and Priyanka attempted suicide at their residence. After getting alerted by the neighbours, the policemen reached the spot and found the woman alive,” Mahesh Bhagwat was quoted by ANI.Unfortunate incident Jawahar nagar PS. Husband and wife attempted to commit suicide.Timely shifting of her by Rachakonda HC Mahipal, HG Driver Navin to Hospital saved life of Wife. Husband died. #Mahipal HC & #Navin HG efforts #appreciated in #saving #life. @TelanganaDGP @KTRTRS https://t.co/UHkcIy9pWj— Rachakonda Police (@RachakondaCop) May 27, 2019The swift work of the policemen saved the life of the woman and was appreciated by the Rachakonda Police Commissioner on tweeter. He took to Twitter to share a video of the policemen carrying the ailing woman to the vehicle.The video was initially tweeted by Pinto Deepak of The New Indian Express. Social media users have also appreciated the efforts of the policemen.The suicide rate in Telangana has been high in the recent past. At least 19 students had committed suicide in April.last_img read more

Bytons CEO Shares Why His Companys Intuitive Electric SUV Is the Future

first_img 5 min read CES is ramping up in Las Vegas this weekend, with today marking the global launch of a new Chinese electric vehicle brand.The executive team behind Byton unveiled a nearly production-ready version of what they refer to as their “smart intuitive vehicle,” an all-electric SUV with a futuristic-looking dashboard.“The target of Byton is to be the first player in the market that can provide products for smart mobility as part of a smart living scenario in the future,” Byton CEO Carsten Breitfeld told Entrepreneur.By labeling the vehicle “smart intuitive,” the brand aims to signify it’s focused less on driving and more on the user experience the car’s passengers have.Its defining feature is its massive 49- by 10-inch display across its dashboard, allowing everyone in the vehicle to see the content on the screen. Even the steering wheel, the part of the vehicle that most closely resembles a traditional car, has an eight-inch touchscreen on it. (The name Byton comes from the phrase “bytes on wheels.”)Image credit: BytonThe interior tech has voice and gesture control integrated into its design, as well as the capability to identify various drivers and their seat and temperature preferences, even between vehicles. It will incorporate 5G connectivity and drive 400 miles on a single charge — and reach an 80 percent charge in 30 minutes.Image credit: BytonMachine learning will allow the interface to make personalized suggestions for users, and facial and emotional recognition will also allow the vehicle to adapt to its user (e.g. unlocking doors). It will also have the ability to sense its surroundings and communicate data to other Byton vehicles on the road.The brand, which plans to begin selling its crossover vehicles in China in late 2019, nests under Future Mobility Corp, a company co-founded in 2016 by Breitfeld and fellow industry veteran Daniel Kirchert. The vehicles will sell for the equivalent of roughly $45,000, and the company estimates they will be available in the U.S. by mid-2020.So far, the company has raised nearly $300 million across seed and series A rounds and plans to close its series B this quarter. Last month, it opened a North American headquarters in Santa Clara, Calif., to house up to 300 employees. U.S. recruits have joined from Apple, Audi, BMW, Delphi, Ford, Google, Mercedes, Tesla, Toyota and more.Byton CEO Carsten Breitfeld.Image credit: BytonThe company also has offices in Munich, Germany, as well as Nanjing, China, where it is based. To get an initial 100,000 SUVs on the market by next year, the company is constructing a plant in Nanjing. So far, it’s secured high-profile suppliers Bosch and Faurecia to make its high-tech interior a reality.Related: Humans Can Fly in This Drone-Like Electric Hybrid ‘Octocopter’At CES this year, Byton’s debut harkens memories of another electric vehicle startup, Faraday Future, and the surrounding hype at the 2017 show. The latter company experienced a technical difficulty when a demonstration of the FF 91’s self-parking feature failed. Faraday Future has also had its share of financial setbacks and leadership struggles. A Nevada state regulator likened the company to a Ponzi scheme, and by the end of 2017, the company’s VP of design, CFO and CTO had all resigned.Breitfeld would not comment about Faraday Future specifically, but he noted that Byton’s “approach is first of all, to create an affordable vehicle. He adds: “Most importantly, we created this company in a way that our investors are putting the money in, but we as a management team, we run the company. There’s not single investor who has the control or can override decisions. We as a management team, have the vision, know-how and business plan.”The biggest obstacle to overcome before rolling out electric, self-driving vehicles in the U.S. is the speed with which the government and society are getting on board. That’s one reason the brand is rolling out in China first, Breitfeld explains. The government is prioritizing the infrastructure for autonomous and electric vehicles.Byton plans to sell direct to consumer and through showrooms operated by third-party sales agents. By 2022, the brand intends to launch two other vehicles: a sedan and a seven-seater multi-purpose vehicle. But the company is looking far beyond cars.“When we created the company, we named it Future Mobility Corporation, not ‘Future Car Corporation,’” Breitfeld says. “Ten years from now, besides selling our product, we probably will offer mobility services based on our product. We want to be a leading company in creating products and offering services for smart living environments in general.”Entrepreneur will be on the ground at CES beginning Jan. 8. Check our Instagram story (@entrepreneur) between Jan. 9 and 10 to see Associate Editor Lydia Belanger’s test ride in a Byton vehicle. January 7, 2018 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Globalcenter_img Growing a business sometimes requires thinking outside the box. Register Now »last_img read more

Sunwing gets a jump on Boxing Week with savings Dec 23 –

first_img Friday, December 23, 2016 Posted by Share Tags: Sunwing Travelweek Group center_img Sunwing gets a jump on Boxing Week with savings Dec. 23 – 30 TORONTO — Sunwing’s Massive Boxing Week Sale kicks off today and runs through midnight on Dec. 30, offering savings of up to 60% on all-inclusive packages to top resorts across Mexico, the Caribbean and Central America.One resort available in the sale, top Sunwing pick Memories Holguin, is recommended for its tropical beachfront setting bordered by lush vegetation and amenities to suit guests of all ages, including five restaurants, an extensive pool complex, kids and teens clubs and varied evening entertainment.Another option, Grand Riviera Princess All Suites & Spa in Riviera Maya, is consistently popular with families, says Sunwing. The accommodation options include rooms that sleep families of five, plus indulgent swim up suites. Younger guests will love the extensive pool complex with pirate-themed splash park and slides; kids’ club and nightly child-friendly entertainment. There are also up to 10 restaurants, a spa and a sports bar. << Previous PostNext Post >>last_img read more