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Volkswagen governance 'uniquely awful'

Volkswagen's decision to nominate a long-serving executive as chairman has thrown more scrutiny on the carmaker's corporate governance and culture, the FT reports.
Source: Financial Times | By: Chris Bryant in Frankfurt and Richard Milne in Wolfsburg
EU's Schulz says Volkswagen scandal a "heavy blow" for German economy

BERLIN, Oct 4- The head of the European Parliament told a group of German regional newspapers that the emissions scandal at Volkswagen would hit the German economy hard but Europe's biggest carmaker was likely to survive the crisis. Germany's finance and economy ministers have played down the risk of a broader economic danger for Germany from the scandal.
Source: Reuters
New chairman sees emissions scandal as threat to VW's viability -paper

BERLIN, Oct 3- Hans Dieter Poetsch, the incoming chairman of Volkswagen, sees the scandal around the rigging of emissions tests as a threat to the firm's viability albeit a surmountable one, a newspaper quoted him as saying. At an internal company meeting this week at the VW headquarters in Wolfsburg, Poetsch described the situation as an "existence-threatening...
Source: Reuters
WRAPUP 3-VW says emission scandal investigations to take months

BERLIN, Oct 1- Volkswagen said on Thursday it would take longer than expected to investigate its rigging of vehicle emissions tests, raising the prospect of months of uncertainty as it grapples with the biggest business crisis in its 78- year history. After a seven-hour meeting late on Wednesday, the German carmaker's supervisory board said it would take "at...
Source: Reuters | By: Andreas Cremer
UPDATE 1-Volkswagen expects emissions investigation to take months

*Law firm Jones Day leads investigation. FRANKFURT, Oct 1- Volkswagen expects it will need at least several months to get to the bottom of the rigging of emissions tests on its diesel vehicles, which has turned into the biggest business crisis in its 78- year history. The executive committee of VW's supervisory board said it came to that conclusion after U.S. law...
Source: Reuters
VW confirms Poetsch to become chairman amid scandal

FRANKFURT, Germany- Volkswagen has confirmed chief financial officer Hans Dieter Poetsch will become board chairman as the automaker faces a scandal over cars that were equipped to cheat on U.S. government emissions tests. It said that an investigation into the firm's conduct carried out by law firm Jones Day will take "at least several months" and would not be...
Source: The Associated Press
WRAPUP 3-VW braces for hit to business from emissions scandal

*U.S. law firm Jones Day to lead external probe- source. Meeting at group headquarters in Wolfsburg, the supervisory board's executive committee will also prepare for an external investigation by a U.S. law firm Jones Day, with an official from that firm to join part of the meeting, the source added. Europe's largest carmaker has admitted to using software to rig...
Source: Reuters | By: Andreas Cremer
UPDATE 1-VW communications chief may resign on Wednesday - sources

*Porsche official to take over group communications-sources. VW's supervisory board last Friday appointed Matthias Mueller, head of sports-car maker Porsche, as Winterkorn's successor. Porsche production chief Oliver Blume will head the sports-car maker from Oct. 1.
Source: Reuters
Porsche and Piech families back Poetsch as new chairman - source

FRANKFURT, Sept 30- The Porsche-Piech family clan, which owns a majority of the voting rights in Volkswagen, strongly support finance chief Hans Dieter Poetsch to become supervisory board chairman, a source close to the families said. Earlier, a report in German newspaper Handelsblatt suggested there was opposition to Poetsch's appointment as chairman and...
Source: Reuters
Would you hire Jessica Alba as a financial advisor?

Just because someone's financially successful doesn't mean he or she could be your financial advisor. Here's how to find the best advisor for you.
Source: CNBC.com | By: Landon Dowdy