Our debt-to-GDP ratio is growing, we're running a problematic current account deficit, state-owned companies are a drag on the economy and our bloated public service wage bill needs to be trimmed. We're running out of money, and fast.
German automaker Volkswagen says its profit slipped in the first quarter as the company set aside €1-billion for legal risks related to its 2015 diesel scandal.
Scandal-hit car giant Volkswagen said it was considering reshuffling its board and that chief executive Matthias Mueller could be replaced, although no decision has yet been made.
Volkswagen says German prosecutors have widened their investigation of the emissions scandal to include the chairman of the company's board of directors.
Volkswagen is abandoning its ambition to become the world's biggest automaker ahead of Japanese rival Toyota.
'Consumers don't want false promises,' writes IMD professor Francisco Szekely in response to VW's emissions scandal.
Volkswagen shares plunged by nearly 20% on Monday after the automaker admitted it had rigged emissions tests of diesel-powered vehicles in the US.
Despite the economic slowdown in China, Volkswagen chairman Martin Winterkorn believes the automaker can master the pending 'digital revolution'.
The first major German court case against Volkswagen over the "dieselgate" scandal that has shaken up the car industry got under way , as investors pursue the world's largest automaker for billions in compensation.
Volkswagen has agreed to pay at least $1.2-billion in buybacks and compensation to settle claims from US owners of cars with larger diesel engines rigged to cheat on emissions tests.
Former Volkswagen CEO Martin Winterkorn is being investigated on allegations of market manipulation in connection with the company's emissions scandal.
The leadership of Martin Winterkorn, who quit as Volkswagen boss, is under scrutiny as critics say pressure on managers may go some way to explaining the emission crisis.
Porsche boss Matthias Mueller could replace Martin Winterkorn as VW Group chief.
The German government has called on the nation's car manufacturers to demonstrate that they have not manipulated their emission tests in the nation following Volkswagen's admission that it had regularly cheated on US air pollution results.
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