VW seeks damages from ex-CEOs over dieselgate scandal

German auto giant Volkswagen said Friday it would seek unspecified damages from two former CEOs over the “dieselgate” emissions cheating scandal that has cost it tens of billions of euros. The company said in a statement it would demand compensation from Martin Winterkorn, ex-chief executive of the group, as well as Rupert Stadler, former head […]

Saudi firms to cut dividends to fund $1.3 trillion investments

Riyadh: Saudi Arabia’s biggest listed companies have agreed to reduce their dividends and redirect the money into the local economy as the crown prince looks to get his economic overhaul plan back on track. Twenty-four firms including oil giant Saudi Aramco, Saudi Basic Industries Corp., Almarai Co., Saudi Telecom Co. and National Shipping Co. have […]

Inside Nissan’s battle with Ghosn: A whistleblower speaks out

Washington: Nissan Motor Co.’s former top lawyer, who led an internal investigation into alleged financial misconduct by Carlos Ghosn, said he endured retaliation, demotions and even corporate surveillance of his family after questioning the integrity of the probe. Former Global General Counsel Ravinder Passi, speaking for the first time about the arrest of Nissan’s celebrated […]