Inside story. Welcome to inside story. Im ray suarez. Auto makers worldwide have been under pressure to find a few different holy grails. One, to design engines that power trucks and automobiles while using less energy. The other, to make vehicles that pollute less while doing it. Volkswagen delivered stunning numbers by teaching the engine how to line. Now the ceo has resigned in disgrace, stocks have been battered, and one of germanys most valuable brands is badly damaged. Lisa stark takes a look at an auto scandal kicking into high gear. Reporter earlier this year, volkswagen reached the top of the mountain as the worlds biggest car seller. Now the giant of german auto manufacturing is in a free fall. This is a massive scandal that not only cheated consumers but also harmed the environment. Vw installed Sophisticated Software to cheat on u. S. Emissions test. They tested clean but really was over the allowable limit by 40 of nitrous oxide. This stuff didnt happen by accident. Thats
Story. Welcome to inside story. Im ray suarez. Auto makers worldwide have been under pressure to find a few different holy grails. One, to design engines that power trucks and automobiles while using less energy. The other, to make vehicles that pollute less while doing it. Volkswagen delivered stunning numbers by teaching the engine how to line. Now the ceo has resigned in disgrace, stocks have been battered, and one of germanys most valuable brands is badly damaged. Lisa stark takes a look at an auto scandal kicking into high gear. Reporter earlier this year, volkswagen reached the top of the mountain as the worlds biggest car seller. Now the giant of german auto manufacturing is in a free fall. This is a massive scandal that not only cheated consumers but also harmed the environment. Vw installed Sophisticated Software to cheat on u. S. Emissions test. They tested clean but really was over the allowable limit by 40 of nitrous oxide. This stuff didnt happen by accident. Thats a chara
To the upside while germany slows fractionally. Global stability. Chinese president urges stronger cooperation with the United States as he looks to reassure Senior Business leaders amid concerns over reform and Cyber Security. Total slashes spending by 3 billion as lower crude prices take their toll. The firm also faces allegations of natural gas price fixing. Good wednesday morning, im susan li. Also coming up on the program, shareholders are backing brian moynihan. Find out how bank of americas chief held on to both of his titles. And a victory for Hillary Clinton. A pharma firm says it will drop prices but by how much . And we find out how social media giants are waging the battle for users. We have the composite at 53. 9. Manufacturing was 52. 0. That was just in line and services 54. 0 just below the expectation of 54. 2. So that follows german data that was mixed just below expectations and french that was just above expectations. The euro is flat on the day. Its been up and dow
Lawsuit against the company in california. We have kip, who is president of the hardwood and plywood veneer association. Two experts weighing in tonight on Lumber Liquidators. Richard i will start with you. So the material in question in this product formaldehyde tell our viewers what the dangers of formaldehyde are to the human body. Formaldehyde is a known human carcinogen. Longterm exposure can cause cancer but short term exposure also has Health Effects such as respiratory ailments burning lungs, asthma and burning eyes and throat. Gerri so kip, to you, youre an expert on these products. You watch all of them all over the world actually. Today in a Conference Call Lumber Liquidators said hey, there are lots of products all through your house contain formaldehyde. Here is list. Foam insulation, wallpaper. Cosmetics. Laminate flooring. Decorative laminates. Paper products what do you say to that . Is formaldehyde in everything . Well, formaldehyde is a widely used chemical in a wide
Year, i introduced to champion pieces of legislation this strengths the Cities Construction and Development Impact on residents air quality in the city the first thing was unanimously passed when i the board required combrasz combalsz ventilation inside the hot spot zone this requires an emissions minimumtion plan and Monitoring Program for all public projects in the hot spot condone requiring the equipment to minimize the emotion some studies have shown an association with particularly matter and Significant Health problems that combludz u includes the chronic brooklyn kits and reduced function and heartache and premature dedicate in people with premature Health Conditions the south Eastern District suffers if air pollution thats why we have the asthma and the city of San Francisco could a reduce the emissions by utilizing the offroad disease sale an road or whatever position using alternative source of power its important to note that clean construction mitigation has been a requirem