In an effort to show that it is acting decisively to end a crisis over its rigging of U.S. diesel emission tests and to install confidence among the investors and shareholders after the historic fall in its share prices, the Volkswagen board expected to name Matthias Mueller, the head of its...

Three bottles of 1970’s batch of Glenmorangie whiskey in the US would be sold for $50,000. These are part of the company’s set of 10 bottles, the last bottles remaining on Earth form the 1970’s Collection, is loved for its exceptional single malt scotch. “It’s like tasting a piece of history,”...

The loT industry that weaves traditional devices to the internet is valued at ninety billion dollar. Nanjing – 24 September 2015 – The reports state that the “loT” industry or the “Internet of Things” at China acquired the value of “580 billion yuan” which is equivalent to “90 bln U.S. dollars”. A...

Starbucks employees of UK would now get enhanced wages as the global café chain agreed to pay the National Living Wage to its employees. The basic pay for all employees, including apprentices would be increased to £7.20 an hour next April, the company announced on Friday. While an undisclosed...

The Instagram’s audience has exceeded 400 million, Reuters reports citing a statement by the company. It seems that Facebook's strategy for the development and maintenance of the photo service is paid off. This result was achieved in less than a year after the number of Instagram’s subscribers...

After the revelation of the Volkswagen emission scandal, the auto world has been shaken up. But experts and old hands at the auto market say that this is not the first time that a German auto maker has been charged with similar allegations. While the German companies have a reputation for...

Amidst worldwide criticism of hoaxing the environment emission norms in et US and facing hefty penalty apart from losing both hare prices and face, the Volkswagen CEO Martin Winterkorn resigned on Wednesday, taking responsibility for the German carmaker's recent historic debacle in its 78-year old...

The automakers have disclosed that the amount of pollution cheating scandal of Volkswagen can involve as many as eleven million cars. Following Volkswagen automaker’s information, the “pollution cheating scandal” of Volkswagen escalated further on the 22nd September 2015. As per the information,...

As investigations of its diesel models multiplied, German car maker Volkswagen AG said the scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars worldwide. The scandal has also intensified pressure on company CEO Martin Winterkorn. A German newspaper reported...