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Four former VW managers guilty of fraud over diesel emissions scandal

Four former VW managers guilty of fraud over diesel emissions scandal

Yahoo26-05-2025

Four former managers at German auto giant Volkswagen were convicted of fraud on Monday over the diesel emissions scandal, nearly a decade after US authorities discovered manipulated software on millions of VW cars.
The Braunschweig Regional Court sentenced two defendants to several years in prison, while the other two received suspended sentences.
The massive case dates back to September 2015, when it was discovered in the United States that Volkswagen had installed software in its diesel cars to cheat on emissions tests.
The scandal, known globally as Dieselgate, plunged the Wolfsburg-based carmaker into a deep crisis. It led to countless lawsuits and costs that the company has estimated at over €30 billion ($34 billion).
The four defendants had been on trial at Braunschweig regional court since September 2021.

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Trump shrugs off possible reconciliation with Musk
Trump shrugs off possible reconciliation with Musk

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timean hour ago

  • Axios

Trump shrugs off possible reconciliation with Musk

President Trump said he assumes his relationship with Elon Musk has ended and that he has no desire to repair it after the pair publicly fell out last week. "I think it's a shame that he's so depressed and so heartbroken," Trump said of the billionaire in a phone call with NBC News' Kristen Welker. The big picture: Trump's comments also came with a warning to Musk when the president said the Tesla CEO could face "serious consequences" should he fund Democratic candidates in the next election running against Republicans who vote for Trump's "big, beautiful bill." The billionaire, who contributed more than $290 million to Republicans in the 2024 election but has since said he'd cut back on political spending, posted last week that politicians "who betrayed the American people" should be fired in November. Trump declined to elaborate on what the consequences would be for Musk. House Speaker Mike Johnson (R-La.) said in a Sunday interview on ABC's "This Week" that it would be a "big mistake" for Musk to go after Republicans who vote for the bill. Driving the news: Trump said he has no plans to speak to the Tesla CEO during the Saturday phone interview with Welker. Asked if he thought his relationship with Musk was over, Trump said he "would assume so." He accused the once-close administration ally of being "disrespectful to the office of the President." Catch up quick: The alliance between Trump and the former chainsaw-wielding face of DOGE exploded last week as Musk continuously campaigned against the massive tax-and-spending package, blasting it as a "disgusting abomination." Speaking to reporters during an Oval Office appearance alongside German Chancellor Friedrich Merz Thursday, Trump said he was "very disappointed" in Musk, who he claimed was very familiar with the inner workings of the legislation. While Trump talked, Musk fired back in real-time on X, claiming in one post that Trump would have lost the election without him. Zoom in: In one post that appears to have been deleted, Musk accused the president of being "in the Epstein files." Trump told NBC that it's "old news."

South Dakota is on track to spend $2 billion on prisons in the next decade
South Dakota is on track to spend $2 billion on prisons in the next decade

Los Angeles Times

time2 hours ago

  • Los Angeles Times

South Dakota is on track to spend $2 billion on prisons in the next decade

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The Financial Backbone of Startups: Why Austin Entrepreneurs Need Professional CPA and CFO Support
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Time Business News

time3 hours ago

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Austin, Texas, continues to attract some of the most innovative minds and fastest-growing startups in the country. From tech ventures to local service-based businesses, the entrepreneurial spirit is thriving. Yet for all the excitement and energy, one challenge keeps tripping up promising ventures: financial mismanagement. Many entrepreneurs focus on product development, customer acquisition, and branding—leaving accounting, forecasting, and compliance as afterthoughts. But in a city where competition is fierce and investors are selective, overlooking your financial health can cost you growth—or even your business. The startup journey often comes with: Inconsistent revenue Unclear cash flow Poorly tracked expenses Tax surprises Missed funding opportunities Founders are typically visionaries, not financial experts. As a result, many operate their businesses using spreadsheets, gut instincts, or outdated accounting software. 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