Fonterra is conducting an internal investigation into the milk powder scandal that broke out in China relating to sale of its expired products. Around 300 tonnes of Fonterra’s expired milk powder were found to be sold in China ...
Tags: Fonterra, Milk Powder
Shanghai Husi Food and its US based parent company OSI Group have been fined more than CNY24.3m ($3.6m) by the Shanghai Municipal Food and Drug Administration for preparing and selling sub-standard meat products. While Shanghai Husi Food ...
Tags: Shanghai Husi Food, OSI Group
Asset management company Blackrock has joined a group of Volkswagen shareholders who are bringing a lawsuit against the German automaker over its diesel emissions scandal. Law firm Quinn Emanuel is expected to file complaint on behalf of ...
Tags: Blackrock, lawsuit, Volkswagen
A senior US District Court judge for the Northern District of California has granted preliminary approval to a $15bn settlement over Volkswagen's emissions cheating scandal. Judge Charles Breyer granted preliminary approval of the ...
Tags: Volkswagen, vehicles, TDI engine
Volkswagen is planning to build electric vehicles in North America by 2020, in a bid to regain its lost image following the diesel emission scandal. The announcement was made by newly appointed Volkswagen America head Hinrich Woebcken ...
Tags: Electric Vehicles, Volkswagen
Mitsubishi Motors said that it will book a $480m charge this fiscal year to compensate customers who are affected by its fuel economy manipulation scandal. Chairman Osamu Masuko said that the company will pay a compensation of ¥100000 ...
Tags: Mitsubishi Motors, eK Wagon
Suzuki has admitted identifying discrepancies in its vehicles' fuel economy and emissions tests in Japan. The company said there has been no outright manipulation of information, and the difference in results was within an acceptable ...
Tags: Suzuki, Fuel Efficiency
Nissan Motor is reportedly in talks with to acquire a one-third stake in Mitsubishi Motors for about JPY200bn ($1.8bn). The talks are in preliminary stages and have not been finalised. The companies are discussing several matters ...
Tags: Mitsubishi Motors, Nissan Motor
US consumer watchdog the Federal Trade Commission (FTC) has filed a lawsuit against Volkswagen for deceiving consumers with illegal devices in its cars. FTC said the German carmaker had carried out false advertising campaign to promote ...
Tags: FTC, Federal Trade Commison, Volkswagen, Illegal emission devices
Scandal-hit Volkswagen has got another jolt, as nearly 300 of its institutional investors have filed a multi-billion dollar lawsuit against the global automobile major. The law firm representing the investors said that the carmaker has ...
Tags: Volkswagen, Tilp, Investors
Audi has announced to start production of its fully electric SUV in Brussels, the capital of Belgium, starting 2018. This move came as Audi's reshuffle of its operations across Europe as the company tries to focus on electric vehicle ...
Tags: Audi, Fully Electric SUV
A Chinese court has penalised two units of US-based food processing company OSI Group with up to $364,875 and sentenced imprisonment to 10 of its employees claiming that it sold outdated products to fast-food chains such as KFC and ...
Tags: Food Safety, McDonald's
Ten defendants representing the Shanghai and Hebei branches of Husi Food Company, a former supplier to McDonald's, KFC and Pizza Hut, have stood trial on charges of producing and selling shoddy products. The ten people and the two ...
Tags: Fast Food Chain, Meat Scandal
Toshiba Corp. said on Saturday its group net loss for the business year ending in March will far outweigh that of the previous year's and may top its record of 398.8 billion yen (3.29 billion U.S. dollars) logged in the year through March ...
Tags: Toshiba, Record Losses
A top Chinese executive involved in a big investment scandal has been reported missing. Shan Jiuliang, the chairman of Hong Kong-listed Imagi International Holdings, was last spotted at a board meeting in mid-October. According to a ...
Tags: Chinese executive, missing, Shan Jiuliang