Advertisement
Canada markets closed
  • S&P/TSX

    22,200.79
    -145.97 (-0.65%)
     
  • S&P 500

    5,267.84
    -39.17 (-0.74%)
     
  • DOW

    39,065.26
    -605.78 (-1.53%)
     
  • CAD/USD

    0.7284
    0.0000 (-0.00%)
     
  • CRUDE OIL

    76.90
    +0.03 (+0.04%)
     
  • Bitcoin CAD

    92,935.75
    -1,887.06 (-1.99%)
     
  • CMC Crypto 200

    1,463.08
    -39.59 (-2.63%)
     
  • GOLD FUTURES

    2,332.50
    -4.70 (-0.20%)
     
  • RUSSELL 2000

    2,048.41
    -33.30 (-1.60%)
     
  • 10-Yr Bond

    4.4750
    +0.0410 (+0.92%)
     
  • NASDAQ futures

    18,713.00
    +16.75 (+0.09%)
     
  • VOLATILITY

    12.77
    +0.48 (+3.91%)
     
  • FTSE

    8,339.23
    -31.10 (-0.37%)
     
  • NIKKEI 225

    39,103.22
    +486.12 (+1.26%)
     
  • CAD/EUR

    0.6733
    0.0000 (0.00%)
     

VW's Audi R&D head to be suspended over emissions scandal: Bild am Sonntag

BERLIN (Reuters) - Volkswagen's Audi head of development will be suspended this coming week as part of the investigation into an emissions scandal, Bild am Sonntag reported citing sources. Investigations by Jones Day have shown that Stefan Knirsch, an Audi board member, knew about the use of cheat software in 3.0 liter diesel engines and gave a false promise under oath, the paper said on Sunday. Knirsch has already been asked to clear his desk, it said. Audi has admitted that its 3.0 liter V6 diesel engine was fitted with emissions-control software, deemed as illegal in the United States where the scandal has engulfed VW. Spokesmen for Volkswagen, Audi and Audi's works council declined to comment. Knirsch, Audi's former head of engine development, replaced Ulrich Hackenberg, the top engineer at Audi and the VW group, last year. Hackenberg quit after being suspended together with two other executives closely associated with the development of the VW engine at the center of the scandal, codenamed EA 189. (Reporting by Victoria Bryan and Andreas Cremer; Editing by Louise Ireland)