|Bid||679.00 x 200|
|Ask||686.70 x 400|
|Day's Range||682.10 - 689.95|
|52 Week Range||601.50 - 725.00|
|PE Ratio (TTM)||14.78|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Angela Merkel's main challenger in next month's German election criticised the chancellor's approach to carmakers on Tuesday and called for them to pay for the widening emissions scandal. Social Democrat Martin Schulz, who is taking on Merkel in the Sept. 24 election, said she had repeatedly changed her views on the need to develop electric cars and the continued use of diesel vehicles, raising questions for unions and consumers. "The zig zag course of Mrs. Merkel has unsettled unions and has left it unclear that those who caused this crisis will be held responsible," said Schulz, who leads the Social Democratic Party (SPD) that is the junior partner in Merkel's coalition.
Foreign carmakers should contribute to a proposed German fund set up to improve urban transport infrastructure, BMW CEO Harald Krueger has said, just days after a deal was reached to cut pollution and avert a ban on diesel engines. "It would send a good signal if they would participate," Krueger told the Frankfurter Allgemeine Sonntagszeitung (FAS). Under an agreement reached on Wednesday, German carmakers and the government will contribute equally to a 500 million euro ($589 million) fund aimed at helping local governments reduce pollution, including introducing systems to improve traffic flows and public transport.
Volkswagen AG executive Oliver Schmidt pleaded guilty on Friday in U.S. District Court in Detroit in connection with a massive diesel emissions scandal that has cost the German automaker as much as $25 billion. Under a plea agreement, Schmidt will face up to seven years in prison and a fine of between $40,000 and $400,000 after admitting to conspiring to mislead U.S regulators and violating clean air laws. Schmidt will be sentenced on Dec. 6.