Mitsubishi Tailgates VW in Emission Dupe Admission
Volkswagen AG has agreed to set aside at least $10 billion to resolve civil claims by the U.S. government and lawsuits by American car owners over diesel vehicles rigged to cheat pollution controls, a person with direct knowledge of the matter said. This development follows Mitsubishi Motors Corp.’s disclosure that it manipulated fuel-economy tests risks putting the Japanese carmaker back in a familiar position: needing help from Mitsubishi group companies to stay in business. Bloomberg’s Tom Lavell reports on “Countdown” with Manus Cranny and Anna Edwards. They were joined by Coutts & Company Chief Investment Officer Alan Higgins for further analysis.
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Infosys CEO Resigns After Criticism From Founders
28:19 - Infosys Ltd. Chief Executive Officer Vishal Sikka has stepped down following criticism from the company’s founder. Chief Operating Officer Pravin Rao will become interim CEO. Bloomberg's Caroline Hyde reports on "Bloomberg Technology." (Source: Bloomberg)