>>> Audi's R&D boss, Porsche engine chief to quit -Bild - RTRS

Audi's R&D boss, Porsche engine chief to quit -Bild - RTRS


24-SEP-2015 13:39:06

BERLIN, Sept 24 (Reuters) - Two of Volkswagen VOWG_p.DE group's highest-ranking engineers will be forced to quit as the German carmaker is pushing steps to clear up the diesel emissions scandal, Bild reported on Thursday, citing unnamed company sources.

Audi's R&D boss Ulrich Hackenberg, a long-time VW brand executive and Porsche's engine chief Wolfgang Hatz will be dismissed at a meeting of the supervisory board on Friday, the newspaper said.

VW and Porsche declined comment while Audi couldn't be reached for comment

>>> DJ Volkswagen Scandal Could Spell Trouble for Staffers -- Market Talk

DJ Volkswagen Scandal Could Spell Trouble for Staffers -- Market Talk
1114 GMT The scandal at Volkswagen could spell trouble for European staffing companies if the crisis widens to the entire automotive industry, ING says. Switzerland's Adecco, for example, generates nearly 10% of sales from the sector, while Dutch peer Randstad gets 7%, the bank says. Although the companies' exposure to Volkswagen is negligible, the impact would be more serious if the scandal engulfs other car makers. "If the fire spreads...there might be a few [percentage points] of revenue growth at stake," ING says

>>> US Early premarket gappers

Early premarket gappers

Gapping up: CNAT +29.3%, PHMD +11.5%, SNCR +6.1%, MPLX +4.9%, SCS +4.9%, AKS +2.5%, GDX +1.4%, WFT +1%, ABX +1%, RIG +1%, BSQR +0.8%

Gapping down: WGBS -7.7%, FUL -6.9%, WOR -3.6%, PBR -3.5%, VNDA -3.2%, CAT -2.7%, JKS -2.2%, STM -1.7%, ALV -1.5%, UN -1.5%, NOK -1.4%, DORM -1.1%, SBRA -1.1%, BABA -1%, HSBC -1%, JPM -1%, FB -1%, ING -0.9%, NFLX -0.9%, SUNE -0.9%, AMZN -0.9%, BAC -0.9%, FCX -0.8%, AAPL -0.8%, DB -0.8%, C -0.7%, GS -0.6%

>>> Accenture beats by $0.03, beats on revs; guides Q1 revs below consensus; gui

Accenture beats by $0.03, beats on revs; guides Q1 revs below consensus; guides FY16 ~in-line; raises dividend 8%; adds $5 bln to buyback

  • Reports Q4 (Aug) earnings of $1.15 per share, $0.03 better than the Capital IQ Consensus of $1.12; revenues rose 1.4% year/year to $7.89 bln vs the $7.69 bln consensus, an increase of 1 percent in U.S. dollars and 12 percent in local currency and above the company's guided range of $7.45 billion to $7.70 billion.
    • New bookings for the fourth quarter were $8.8 billion and reflect a negative 13 percent foreign-exchange impact compared with new bookings in the fourth quarter of fiscal 2014. Consulting new bookings were $4.1 billion, or 46 percent of total new bookings. Outsourcing new bookings were $4.7 billion, or 54 percent of total new bookings.
  • Co issues downside guidance for Q1, sees Q1 revs of $7.70-7.95 bln vs. $8.12 bln Capital IQ Consensus Estimate.
  • Co issues guidance for FY16, sees EPS of $5.09-5.24 vs. $5.22 Capital IQ Consensus Estimate; sees FY16 revs +1-4% (+5-8% local currency) to ~$31.36-32.29 bln vs. $32.6 bln Capital IQ Consensus Estimate.
    • Accenture expects operating margin for the full fiscal year to be in the range of 14.6 percent to 14.8 percent, an expansion of 10 to 30 basis points from the adjusted operating margin of 14.5 percent in fiscal 2015.
  • Accenture's Board of Directors has declared a semi-annual cash dividend of $1.10 per share, an increase of $0.08 per share, or 8 percent, over its previous semi-annual dividend, declared in March.
  • The Board also approved $5 billion in additional share repurchase authority.

>>> Scholastic Corp beats by $0.07, beats on revs; reaffirms FY16 EPS guidance,

Scholastic Corp beats by $0.07, beats on revs; reaffirms FY16 EPS guidance, revs guidance

Reports Q1 (Aug) loss of $1.44 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of ($1.51); revenues rose 0.4% year/year to $191.2 mln vs the $187.3 mln consensus.
  • Co reaffirms guidance for FY16, sees EPS of $1.35-1.55, excluding non-recurring items, vs. $1.49 Capital IQ Consensus Estimate; sees FY16 revs of $1.7 bln vs. $1.65 bln Capital IQ Consensus Estimate. Co continues to expect free cash flow in the range of $35 to $45 mln, excluding taxes paid as a result of the sale of the EdTech business.

>>> DAIMLER SAYS DOES NOT MANIPULATE DIESEL EMISSIONS - Full Story

DAIMLER DAIGn.DE SAYS DOES NOT MANIPULATE DIESEL EMISSIONS
24-Sep-2015 12:58:00 - DAIMLER DAIGn.DE SAYS DOES NOT USE DEFEAT DEVICES

Daimler says does not use defeat devices - RTRS


24-SEP-2015 13:09:35

STUTTGART, Sept 24 (Reuters) - German carmaker Daimler DAIGn.DE said it did not manipulate emissions data for diesel engines, after Volkswagen VOWG_p.DE admitted to having deceived U.S. regulators about how much its diesel cars pollute. (Full Story)

A spokesman for Daimler said on Thursday the maker of Mercedes-Benz cars did not use so-called defeat devices employed by Volkswagen and complied with rules on nitrogen oxide emissions around the world.

German trade magazine Auto Bild earlier reported fellow carmaker BMW's BMWG.DE BMW X3 xDrive 20d exceeded the Euro 6 limits on nitrogen oxide emissions more than 11-fold in road tests by the International Council on Clean Transportation (ICCT), sending shares in BMW and Daimler lower.