6,000 Swiss VW owners seek damages in emissions scandal

The administrative board, which represents the flat owners, of the 72-story building has submitted a complaint to the premier, expressing their concern that a fund worth VND160 billion (US$7.46 million) would be gone with the skyscraper’s owner, the Republic of  Korea (RoK)’s Keangnam Enterprises, once it is acquired by a new investor.Every flat owner is required to pay a fee worth 2% of the purchase contract value to add to the fund, which is meant for maintenance work on the whole building.Keangnam Enterprises is supposed to transfer the fund to the administrative board once the building is acquired by a…... [read more]

NEW DELHI: Volkswagen India on Tuesday (Dec 1) announced that the company will recall around 323,700 cars in the country in the wake of an emissions cheating scandal.Volkswagen has been engulfed in scandal since September, when it admitted more than 11 million vehicles worldwide equipped with smaller 2.0-litre diesel engines had "defeat" software designed to cheat on emissions tests."Volkswagen Group India announces a voluntary recall for updating all cars with EA 189 engines in the Indian market," a statement released by the company said."Approximately 323,700 cars of Volkswagen, SKODA and Audi in India are equipped with EA 189 diesel engines,"…... [read more]

The attractive profits from movie production and distribution have prompted investors to expand their cinema chains. In the fourth quarter of 2014, CGV, belonging to the South Korean CJ Group, officially opened its modern cinemas at Aeon Mall in Binh Duong Province. Prior to that, Lotte Cinema, also a fellow countryman from South Korea, began “attacking” the HCM City suburb market when it opened a Lotte Shopping Mall in Thuan An town. The biggest advantage of Lotte Cinema is that wherever there is a Lotte shopping mall, there will be Lotte cinema. The investor will not encounter difficulties in seeking…... [read more]

The company quickly denied the allegations.The lawsuit, filed in a Detroit federal court, came the same week that US authorities brought legal action against Fiat Chrysler, accusing the company of likewise configuring diesel-powered vehicles to deceive emissions tests, an allegation the company denies.In court papers, Andrei Fenner of California, the owner of a 2011 GMC Sierra pickup, and Joshua Herman of Louisiana, who bought a diesel Chevrolet Silverado in 2016, said testing showed that GM was no different than Fiat and Volkswagen in hiding harmful nitrogen oxide emissions.The two pickup models "emit far more pollution on the road than in…... [read more]

Psychiatrists in HCMC are receiving their highest ever number of business people suffering from psychological stress due to the economic downturn. Mrs.H. being examined by a doctor Le Hieu, a doctor at Cho Quan Mental Hospital said he had received about 40 cases daily, eight of them related to money or businesses. Many of his patients were suffering from mental disorder that could lead to suicide. H, a 52 year old patient suffered huge losses because her detergent business had slowed down. H owed her suppliers and employees three months wages. "I didn’t sleep much this month. I somehow have…... [read more]

Participants explained ways to minimise carbon emissions in water, wastetreatment, transport, energy and food processing using the latesttechnology. They also debated the efficiency of goodstransport by environmentally-friendly trucks, the use of publictransport and the operation of waste-fuelled power generators. Director of the municipal Department of Natural Resources andEnvironment Dao Anh Kiet said HCM City is on the right track to becominga low-emission city thanks to a raft of joint technology transferprojects with Japan. According to Kiet, the two cities signed amemorandum of understanding on cooperation in, among other areas, theeffective use of energy, sustainable water management, treatment ofsolid wastes, drainage…... [read more]

The Thien Tan Investment and Construction Joint-stock Company has been constructing a section of National Highway No 1A running through the Mo Duc District in Quang Ngai central province. — Photo VNA QUANG NGAI (VNS) — A representative of Thien Tan Construction Company said they are co-ordinating with Sai Gon-Ha Noi Insurance Corporation (BSH) to compensate families whose houses were damaged during construction of Highway No1A.The Thien Tan Investment and Construction Joint-stock Company has been constructing a section of National Highway No 1A running through the Mo Duc District in Quang Ngai central province.BSH hired an independent assessment company, Da…... [read more]

“Visa’s recent annual global Commercial Consumption Expenditure (CCE) index showed that Vietnam’s commercial spending is expected to reach over $236.6 billion in 2013,” Lorijon Bacchi, country manager of Visa in Vietnam, said. Representatives from local business associations – Vietnam Chamber of Commerce and Industry (VCCI) and Vietnam Association of Small and Medium Enterprises (VINASME) – and business owners gathered at a seminar in Hanoi today to learn more about how Visa’s commercial card solutions can help SME owners better manage their expenses. The study also showed that more than 40 per cent of the respondents take international trips every year…... [read more]

A man in Danang City has proposed to local authorities that he should keep his illegally constructed palace in Lien Chieu District as he believes it could be a tourism site. The palace ordered to be destroyed Police in Danang City’s Lien Chieu District in 2015 fined the mining company owner Ngo Van Quang VND22.5m (USD1,000) for the illegal construction at Chim Chim Hill in Nam Hai Van forest. He was also ordered to demolish the palace by December 2015.However, he only demolished a small part of the palace and kept asking to extend the deadline. Currently, a third of…... [read more]

FRANKFURT: The net widened on Tuesday (Mar 8) in the investigation into the massive emissions-cheating scandal at auto giant Volkswagen, with German prosecutors adding more suspects to their list, while France launched a probe of its own.Prosecutors in Paris said they had opened an investigation into "serious fraud" against the embattled German car manufacturer on Feb 19, assigning three magistrates to head it. The probe follows a preliminary inquiry that started in early October.Serious fraud office chief Nathalie Homobono said that investigators had already established that Volkswagen had cheated "with intent". At the same time, German prosectors said the number…... [read more]