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New York, Massachusetts sue VW over emissions cheating

Jul 20, 2016

New York, Massachusetts sue VW over emissions cheating

New York state and Massachusetts are suing Volkswagen and its affiliates Audi and Porsche over diesel emissions cheating, alleging that the German automakers defrauded customers by selling diesel vehicles equipped with software allowing them to cheat emissions testing. The lawsuits, announced Tuesday, allege that ...

Jul 20, 2016

Japan's eel imports peak ahead of Day of Ox

Japan’s imports of eels are peaking ahead of the July 30 Day of the Ox, when many people in the country enjoy grilled eel in the belief the dish helps them cope with the summer heat. According to a Narita, Chiba Prefecture-based eel trading ...

Jul 20, 2016

Takata allegedly gave manipulated air bag test data to Honda

Japanese auto parts maker Takata Corp. manipulated air bag test data that it supplied to Honda Motor Co., sources said, citing a third-party investigation. The investigators examined the data after Takata, which has faced massive global recalls over defective air bags, acknowledged that parts ...

Jul 19, 2016

SoftBank shares dive on concerns over balance sheet

Shares in SoftBank Group Corp. plunged in Tokyo on Tuesday after it unveiled its ¥3.3 trillion takeover of chip designer ARM Holdings PLC, a deal that marks founder Masayoshi Son’s biggest gamble so far on the future of technology. The shares dropped as much ...

New Air France-KLM head; Garuda named best crew; Jetstar's summer menu

Jul 19, 2016

New Air France-KLM head; Garuda named best crew; Jetstar's summer menu

New Air France-KLM head Air France-KLM has appointed Jean-Marc Janaillac as new chairman and chief executive officer in replacement of Alexandre de Juniac, effective July 4. Janaillac graduated from the HEC Business School and the Ecole Nationale d’Administration. Since 2012, he has been chairman ...