South Korea said its own testing showed that Volkswagen intentionally manipulated a diesel emissions device in vehicles with an older engine.» Read More
Asian equity markets were mixed on Monday, with data from the world's second largest economy in focus.
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Volkswagen's own staff and one of its suppliers warned about emissions test cheating years ago, according to German newspapers.
*Senior EU executive says Brussels "to stop fraud". European Commission Vice President Frans Timmermans said Volkswagen bosses had to fully come clean about the scandal. German Environment Minister Barbara Hendricks also said the European Commission and member states were considering stricter rules.
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VW faces some desperate and immediate challenges.
"The Department of Justice is working closely with the EPA in the investigation into these allegations."
Volkswagen announced its next CEO Friday to replace Martin Winterkorn who stepped down in the wake of a growing emissions scandal.
European stocks closed sharply higher on Friday, shaking off the Volkswagen scandal and taking positive sentiment from the Federal Reserve.
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SAO PAULO, Sept 25- Brazil's environmental agency Ibama is investigating whether Volkswagen AG has violated domestic emissions laws and could levy a fine of up to 50 million reais, the regulator said in a note late on Thursday. If the investigation finds that Volkswagen set up vehicles to cheat on diesel emissions tests in Brazil, as it admitted to doing in the...
WOLFSBURG, Germany, Sept 25- Volkswagen rigged emission tests on about 2.8 million diesel vehicles in Germany, the country's transport minister said on Friday, nearly six times as many as it has admitted to falsifying in the United States. The board is widely expected to name Matthias Mueller, the head of its Porsche sports-car division, as chief executive to...
*VW workers fearful for future in Wolfsburg. WOLFSBURG, Germany, Sept 25- Workers in Volkswagen's home town of Wolfsburg have been left fearing for their futures after the carmaker was plunged into crisis because of rigged U.S. diesel emission tests. The scandal has cost chief executive Martin Winterkorn his job and Porsche boss Matthias Mueller was set to be...
Former GM Vice Chairman Bob Lutz tells CNBC he would not know where to start if he were the next CEO of Volkswagen.
*India checking if same cars broke domestic rules. NEW DELHI, Sept 25- India's government has ordered an investigation into Volkswagen AG cars after the German automaker said it had used software in its diesel models to circumvent emissions tests in the United States. "We have written to the ARAI to find out whether Volkswagen is selling the same models in India...
FRANKFURT, Sept 25- Audi chief executive Rupert Stadler, who had been seen as a candidate for the CEO post at parent Volkswagen, will remain in his post, German magazine Auto Motor und Sport reported on Friday, citing no sources. A source close to the matter has told Reuters that Volkswagen will name Matthias Mueller, the head of its Porsche sports car brand, as its CEO,...
Squawk Box Live in Europe had all the news and analysis on the unfolding emissions scandal.