Report on VW Progress After Emissions Scandal, and Consumer Spending Data

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Report on VW Progress After Emissions Scandal, and Consumer Spending Data


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The Week Ahead

Businesses have a last chance to give feedback on a proposal for additional tariffs on Chinese goods, and bankers in Germany discuss the threat to their business posed by technological change.

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A report on Monday is expected to criticize Volkswagen’s compliance with the terms of a civil settlement with the United States over the carmaker’s emissions scandal.CreditHannibal Hanschke/Reuters

Here’s what to expect in the week ahead:

Autos

Report expected to criticize Volkswagen’s progress since scandal

A former prosecutor assigned to monitor Volkswagen after its emissions scandal will release a report on Monday detailing whether the carmaker has complied with the terms of a civil settlement with the United States. Larry Thompson, who was a deputy attorney general from 2001 to 2003, will hold a news conference at Volkswagen’s headquarters in Wolfsburg, Germany, to announce his findings, which are expected to be critical of the carmaker’s progress toward becoming a more ethical company. Mr. Thompson faulted Volkswagen in a report this year for failing to hold executives accountable and for not making a serious enough attempt to remake its culture. Volkswagen must correct any shortcomings or the company could wind up back in court.

— Jack Ewing


Trade

Hearings wrap up on additional $200 billion in China tariffs

On Monday, the Trump administration will hold its final day of hearings allowing companies to weigh in on the prospect of tariffs on an additional $200 billion of Chinese goods. President Trump has already imposed levies on $50 billion worth of Chinese imports and has threatened additional moves to try to force China to change its trade practices. So far, the United States has been unable to persuade China to make substantive changes to its economy. In five days of hearings last week, most companies testified that the tariffs would raise their costs and make it harder for them to operate in the United States.

— Ana Swanson




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