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Verdict expected in diesel emissions trial of four Volkswagen execs

Verdict expected in diesel emissions trial of four Volkswagen execs

Yahoo26-05-2025

A verdict in a case related to the Volkswagen diesel emissions scandal is expected to be handed down by a German court on Monday, nearly a decade after US authorities discovered manipulated software on millions of Volkswagen cars.
Four former managers at the German auto giant have been on trial before the Braunschweig regional court for almost four years, on charges of commercial and organized fraud.
Prosecutors identified a long-time head of Volkswagen powertrain technology, a former head of development for Volkswagen's core brand, and a former senior manager in diesel engine development as perpetrators, demanding prison sentences ranging from three to four years.
The fourth defendant, a former department head for diesel emissions control, is accused of acting as an accomplice, with prosecutors demanding a two-year suspended sentence.
His defence team believes that a warning is sufficient. The lawyers of the other men have pleaded for acquittal.
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 have been on trial at Braunschweig regional court since September 2021. In their more than four-hour closing arguments at the end of April, prosecutors stated that the men had been proven guilty of fraud.

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

Time Business News

time40 minutes ago

  • Time Business News

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

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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No Supreme Court win, but Mexico pressures U.S. on southbound guns
No Supreme Court win, but Mexico pressures U.S. on southbound guns

Los Angeles Times

time3 hours ago

  • Los Angeles Times

No Supreme Court win, but Mexico pressures U.S. on southbound guns

MEXICO CITY — More than a decade ago, Mexican authorities erected a billboard along the border in Ciudad Juárez, across the Rio Grande from El Paso. 'No More Weapons,' was the stark message, written in English and crafted from 3 tons of firearms that had been seized and crushed. It was a desperate entreaty to U.S. officials to stanch the so-called Iron River, the southbound flow of arms that was fueling record levels of carnage in Mexico. But the guns kept coming — and the bloodletting and mayhem grew. Finally, with homicides soaring to record levels, exasperated authorities pivoted to a novel strategy: Mexico filed a $10-billion suit in U.S. federal court seeking to have Smith & Wesson and other signature manufacturers held accountable for the country's epidemic of shooting deaths. 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In 2004, guns accounted for one-quarter of Mexico's homicides. Today, guns are used in roughly three-quarters of killings. Mexican leaders have long been sounding alarms. Former President Felipe Calderón, who, with U.S. backing, launched what is now widely viewed as a catastrophic 'war' on Mexican drug traffickers in late 2006, personally pleaded with U.S. lawmakers to reinstate a congressional prohibition on purchases of high-powered assault rifles. The expiration of the ban in 2004 meant that any adult with a clean record could enter a store in most states and walk out with weapons that, in much of the world, are legally reserved for military use. 'Many of these guns are not going to honest American hands,' Calderon said in a 2010 address to the U.S. Congress. 'Instead, thousands are ending up in the hands of criminals.' It was Calderón who, near the end of his term, ventured to the northern border to unveil the massive billboard urging U.S. authorities to stop the weapons flow. 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Nordstrom is coming back to San Francisco — but not how you remember it
Nordstrom is coming back to San Francisco — but not how you remember it

San Francisco Chronicle​

time3 hours ago

  • San Francisco Chronicle​

Nordstrom is coming back to San Francisco — but not how you remember it

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