Switzerland is to demand that German automakers treat Swiss customers the same as German buyers of diesel cars being fixed to cut pollution, Swiss Federal Roads Office Director Juerg Roethlisberger said.
The comments by add pressure on carmakers like Volkswagen AG, BMW AG, Daimler AG, Audi and Porsche, which this week agreed to overhaul engine software on 5.3 million diesel cars and try to repair the sector’s battered reputation.
Politicians in Germany stopped short of demanding costly mechanical modifications to engine and exhaust systems.
Photo: EPA
“I can guarantee you that we will certainly demand the same for Swiss customers that German customers get,” Roethlisberger told broadcaster SRF in an interview aired on Saturday.
Swiss authorities would monitor the situation to see what the proposed fixes bring and if public pressure forces German carmakers to take the more costly step of replacing hardware on affected cars, then Switzerland would demand the same, he said.
NO BAN
Roethlisberger dismissed calls from Swiss environmentalists and center-left politicians to ban the import of certain diesel vehicles on the grounds that their nitrogen oxide emissions posed a health hazard.
Swiss prosecutors last year opened criminal proceedings and seized evidence from the AMAG dealership network after a court ruled Swiss investigators must conduct their own investigation of an emissions scandal at Volkswagen.
AUDI IMPLICATED
Meanwhile, Bavaria state prosecutors in Munich made Audi a party to the diesel-emission probe, a step that might allow the seizure of profits the company made from selling vehicles with rigged engines.
Munich prosecutors investigating Audi employees for fraud have formally added the carmaker to a related inquiry looking into whether executives neglected their supervisory duties allowing the cheating to happen, Karin Jung, spokeswoman for the investigators, said in an e-mailed statement.
The review will be handled under administrative rules that allow for sanctioning wrongdoing at companies.
While Germany does not allow for prosecution of companies under criminal laws, an administrative probe is the tool prosecutors can use to sanction firms.
The rules allow authorities to seize profits made through illegal conduct.
Siemens AG, which faced the same type of review during a corruption probe about a decade ago, settled with Munich prosecutors for 600 million euros (US$706 million).
Audi was notified about the step and will continue to work constructively with prosecutors, company spokesman Oliver Scharfenberg said on Saturday.
Volkswagen is already facing the same type of review by Braunschweig prosecutors.
The company in September 2015 admitted that about 11 million diesel vehicles worldwide were sold with so-called defeat devices.
Additional reporting by Bloomberg
DAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil prices Central banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Decisions this week encompassing every member of the G7 and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution. The US Federal Reserve is widely expected to do exactly what everyone anticipated weeks ahead of its March 17-18 policy gathering: hold rates steady. The narrative surrounding that
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
At a massive shipyard in North Vancouver, Canadian workers grind metal beams for a powerful new icebreaker crucial to cementing the country’s presence in the increasingly contested arctic. Icebreakers are specialized, expensive vessels able to navigate in the frozen far north. And “this is the crown jewel,” said Eddie Schehr, vice president of production at the Seaspan shipyard. For Canadian Prime Minister Mark Carney, who heads to Norway next Friday to observe arctic defense drills involving troops from 14 NATO states, Canada’s extreme north has emerged as a strategic priority. “Canada is and forever will be an Arctic nation,” he said ahead of