David's Feed
Oct 9, 2015

U.S. House slams regulators for not catching VW for years

WASHINGTON (Reuters) – Volkswagen AG’s (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) U.S. chief executive blamed “individuals” for using software to cheat on diesel emissions at a House hearing on Thursday as lawmakers attacked federal environmental regulators for failing to catch the fraud for years.

Michael Horn, head of Volkswagen Americas, testified before a House of Representatives oversight and investigations panel about the emissions scandal that has chopped more than a third of the company’s market value and sent tremors through the global auto industry.

Oct 8, 2015

Volkswagen’s US boss blames ‘individuals’ for cheating

BERLIN/WASHINGTON (Reuters) – Volkswagen’s rigging of diesel emissions tests was not a company decision but the result of actions by a small number of engineers, its top U.S. executive said on Thursday.

“To my understanding, this was not a corporate decision; this was something individuals did,” Michael Horn, President and CEO of Volkswagen Group of America, told a panel of U.S. lawmakers investigating the German carmaker’s wrongdoing.

Oct 8, 2015

Volkswagen’s U.S. chief blames emissions scandal on ‘individuals’

WASHINGTON, Oct 8 (Reuters) – Volkswagen’s
cheating on emissions with the use of software in diesel cars
was not a corporate decision, but something that “individuals
did,” its U.S. chief executive told lawmakers on Thursday.

Michael Horn, Volkswagen’s U.S. president and chief
executive, testified under oath to the House of Representatives
Oversight and Investigations panel about the emissions scandal
that has wiped away more than a third of the company’s market
value and sent tremors through the global auto industry.

Oct 8, 2015

Volkswagen’s U.S. head: individuals engineered emissions cheating

By David Morgan and Timothy Gardner

(Reuters) – Volkswagen’s cheating on emissions
with the use of software in diesel cars was not a corporate
decision, but something that “individuals did,” its U.S. chief
executive told lawmakers on Thursday.

Michael Horn, Volkswagen’s U.S. president and chief
executive, testified under oath to the House of Representatives
Oversight and Investigations panel about the emissions scandal
that has wiped away more than a third of the company’s market
value and sent tremors through the global auto industry.

Oct 7, 2015

EPA officials tell U.S. House panel they cannot detail VW probe

By David Morgan

(Reuters) – Two senior officials from the Environmental
Protection Agency told U.S. lawmakers on Wednesday that they
cannot divulge new details about the agency’s probe of
Volkswagen without jeopardizing their investigation.

In written testimony submitted to a House oversight panel a
day ahead of a Thursday hearing, the EPA officials also said
that Volkswagen AG concealed information about its
ploy to cheat on diesel emissions after higher emission levels
were discovered.

Oct 7, 2015

U.S. FAA says it will test ways to track rogue drone flights

WASHINGTON, Oct 7 (Reuters) – The Federal Aviation
Administration will test new technology to detect and track
rogue drone flights around U.S. airports through a partnership
with Arlington, Virginia-based CACI International Inc,
the agency said on Wednesday.

The FAA is also testing other safety- and security-related
technologies including geo-fencing software in response to a
recent surge in unauthorized drone flights near airports and
crowded public venues, Deputy Administrator Michael Whitaker
said testified before a House aviation subcommittee.

Oct 6, 2015

U.S. Volkswagen hearing will have implications for industry, EPA

WASHINGTON, Oct 6 (Reuters) – Volkswagen’s top U.S.
executive on Thursday will field questions from U.S. lawmakers
on how the automaker managed to evade pollution rules, kicking
off a congressional probe into the scandal and whether other
automakers might be implicated.

But the high-profile proceedings will also scrutinize the
U.S. Environmental Protection Agency’s failure to identify
Volkswagen AG’s admitted cheating strategy for
years, lawmakers and aides told Reuters.

Oct 3, 2015

Interview: EPA says post-VW emission regime permanent, more change possible

WASHINGTON (Reuters) – The tougher auto emission tests that U.S. regulators adopted in the wake of the Volkswagen cheating scandal are permanent and could lead to more regulations down the road if more problems surface, a senior Environmental Protection Agency official said on Friday.

Christopher Grundler, director of the EPA’s Office of Transportation and Air Quality, told Reuters that new emission tests announced on Sept. 25 would continue “indefinitely” as part of the agency’s effort to detect so-called defeat devices of the kind Volkswagen AG has admitted using to elude EPA laboratory emission tests for diesel vehicles.

Oct 2, 2015

EPA says post-VW emission regime permanent, more change possible

WASHINGTON (Reuters) – The tougher auto emission tests that U.S. regulators adopted in the wake of the Volkswagen cheating scandal are permanent and could lead to more regulations down the road if more problems surface, a senior Environmental Protection Agency official said on Friday.

Christopher Grundler, director of the EPA’s Office of Transportation and Air Quality, told Reuters that new emission tests announced on Sept. 25 would continue “indefinitely” as part of the agency’s effort to detect so-called defeat devices of the kind Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) has admitted using to elude EPA laboratory emission tests for diesel vehicles.

Oct 1, 2015

Volkswagen’s U.S. chief to testify before House panel on Oct. 8

WASHINGTON (Reuters) – Volkwagen AG’s top U.S.
executive will testify on Oct. 8 before a U.S. congressional
oversight panel about the German automaker’s emissions cheating
scandal involving 11 million vehicles worldwide, a panel
spokesman said on Thursday.

Michael Horn, president and chief executive of Volkswagen
Group of America, will appear before an investigations panel of
the House Energy and Commerce Committee for proceedings
scheduled to begin at 10 a.m. EDT (1400 GMT). Lawmakers will
also hear from the U.S. Environmental Protection Agency.

    • About David

      "David Morgan has covered news from Wall Street and Fleet Street to the White House, the Pentagon and Congress, including politics, macroeconomics, military affairs, corporate finance, U.S. intelligence, national security and the international markets. He has also reported from Atlanta on the rise of American conservatism, civil rights, homegrown terrorism and the Olympics, and helped chronicle the Sept. 11 attacks and their aftermath from Philadelphia, New York and Washington."
    • Follow David