Volkswagen to face vote of confidence over handling of gas emission scandal


VW last will and testament be hoping that the strategy revamp and organisational changes that Muller circulated on Thursday will be enough to win round angry shareholders.

Aside from centre on building more electric vehicles and self-driving “smart” cars, he said that he last will and testament look to cut back-office functions and research and development roles.

Shareholder rnetical groups PIRC and ISS have urged investors to oppose the vote of reliance. Additionally, PIRC has called on investors to veto the firm’s plans to y dividends benefit 67.5 million (£53.3 million).

It says that VW should reduce dividend yments until the full financial im ct of Dieselgate, which saw VW fixtures “defeat devices” to its cars to enable them to beat US emissions checks, is known. VW is being sued by investors over the scandal, which hard up last September and has yet to reach a settlement with US regulators.

Active greens are overcharging

Savers are ying twice as much as they should for their actively regulated investment funds because of City firms not ssing on the cost savings, according to fiscal platform Nucleus.

While the cost of ssive funds that prints indices such as the FTSE 100 and the S&P 500 has come down, Burg investment firms have not ssed on savings generated by new technology and economies of proportion, thus keeping prices for active funds high, Nucleus chief leader David Ferguson said.

Last week BBC Radio 4 Moneybox presenter ul Lewis stated savers looking for the best returns should go for cash savings coheres. However, broker Hargreaves Lansdown poured cold water on the finds, saying the return on cash was at an all-time low.

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