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Tuesday, September 13 2011 , Your time is 15:58:00
Volkswagen is looking at ways to cut costs and boost cash flow and could sell more shares if the price of clearing up a scandal over its rigging of diesel emissions tests puts its credit rating at risk
Iranian Industry, Trade and Mining Minister Mohammad Reza Ne’matzadeh has said all global companies, including U.S.–based ones, can make oil and gas exploration investments in Iran, which has already identified 300 investment projects that will be announced next week
High-Tech Port by MÜSİAD, a defense industry fair organized by the Independent Industrialists’ and Businessmen’s Association (MÜSİAD), will be held in the Qatari capital of Doha to display products and services of Turkey’s leading defense companies.
ISTANBUL – Anadolu Agency
Turkey has launched a new electronic card payment clearing system, the InterBank Card Center (BKM) has announced Sept. 30
ANKARA / BERLIN - Reuters
Turkey will revise its vehicle emissions testing methodology if it finds that emissions between idling and moving vehicles vary significantly, an environmental ministry official said Sept. 29.
PARIS / ZURICH - Reuters
The Swiss Federal Roads Office on Oct. 2 issued a preliminary ban on registering new Volkswagen diesel vehicles that may be outfitted with software designed to cheat emissions tests, it said in a statement
ISTANBUL - Reuters
Turkey’s Yıldırım Holding has announced it acquired Portuguese Mota-Engil Group’s port management company Tertir Terminais de Portugal and logistics company Mota-Engil Logistica SGPS, which have 275 million euros in equity value.
SAN FRANCISCO - Agence France-Presse
Technology titans Microsoft and Google on Sept.30 announced that they have agreed to end all patent infringement litigation against each other.
BURSA-Doğan News Agency
Tofaş, a joint venture of Turkey’s Koç Holding and Italy’s Fiat Chrysler, has started producing a new Fiat sedan model, Fiat Egea, in the northwestern province of Bursa on Sept. 28 in a ceremony with Koç Holding Chairman Mustafa Koç, Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne and Tofaş employees in attendance
The first cases against Volkswagen in Turkey regarding an emissions-cheating scandal have been filed by an Istanbul-based law firm, although more complaints are expected to be filed in the coming weeks
Turkey and the United States should ally closer in security and military terms to overcome violence in the Middle East, said Union of Chambers and Commodity Exchanges of Turkey (TOBB) President Rifat Hisarcıklıoğlu at an annual meeting of the American-Turkish Council (ATC) in Washington
CHIBA - Agence France-Presse
Toshiba executives on Sept. 30 faced the wrath of shareholders who demanded an explanation after one of Japan’s best-known companies was hammered by a billion-dollar accounting scandal.
Shares of Volkswagen AG’s main Turkish distributor Doğuş Otomotiv tumbled more than 12 percent on Sept. 28, hit by concerns that the emissions cheating scandal at the German automaker could undermine sales of its local dealers
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