Moody's cuts VW's credit rating amid emissions scandal
The logo of German car maker Volkswagen
Washington - AFP
Moody's hit embattled German automaker Volkswagen with a credit downgrade Wednesday, saying the company's reputation and earnings were at risk from the growing emissions cheating scandal.
Moody's cut the company's rating by one step to A3, warning that expanded allegations on emissions cheating and admissions that it falsified fuel consumption "pose additional risk to Volkswagen's reputation, future sales and cash" and also "suggest serious internal control and governance issues.
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:23 2018 Paper industry around famous Chinese lake to be shut down by 2019
- Monday ,12 November GMT 16:51 2018 Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMAS
- Friday ,09 November GMT 08:11 2018 Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'
- Thursday ,08 November GMT 14:00 2018 Namibian enterprise endeavours to seize opportunities at China import expo
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 16:53 2015 Friday ,23 January
Kuwait in mourning over the demise of King Abdullah of Saudi Arabia
GMT 14:21 2017 Friday ,17 February
Tillerson, Wang in highest-level US-China meet under Trump
GMT 09:51 2017 Thursday ,23 November
Trial Chamber II to issue additional decision on reparations
GMT 11:52 2017 Thursday ,16 February
Three ways to turn discarded wood into home decor
GMT 14:22 2015 Thursday ,25 June
Mafraq Hospital performs reconstruction surgery
GMT 15:49 2017 Saturday ,26 August
Assistant interior min. inaugurates eastern Samalut police station
GMT 20:15 2017 Tuesday ,07 March
Oman’s central bank plans to raise OMR450m from bond issue
GMT 18:03 2017 Friday ,10 March
Mother of the Nation Festival celebrates Emirati Women
GMT 11:47 2018 Monday ,03 December
IOF demolish facilities, loot money in the Jordan Valley
GMT 16:40 2018 Friday ,09 November
Knife-wielding man kills one, injures two in Melbourne terror attack
GMT 11:27 2016 Tuesday ,16 February
Uganda's Museveni looks to a fourth decade in power
GMT 11:53 2015 Saturday ,19 December
Burj Khalifa shares 160 stories for its 160 storeysGMT 08:55 2011 Friday ,12 August
Attack on police in Peshawar, 3 personnel killed
GMT 06:46 2018 Monday ,24 September
Egypt ambassador to Norway inaugurates ancient Egyptian artefacts exhibition in Oslo
GMT 06:25 2015 Friday ,04 December
Russia equips central Syria airport
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor