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ZF CEO's 'reckless' buying spree led to his departure

The departure of ZF CEO Stefan Sommer shows that politics and entrepreneurism rarely are a good match. Sommer turned ZF into the world's second-largest supplier but his global expansion ambitions were considered "reckless" by the head of the foundation that owns the supplier.

BMW denies diesel cars have 'shut off' device to mask high NOx emissions

BMW denied allegations that engine management software shut off a system filtering emissions in some of its diesel cars. A German environmental group alleged that a 3-series diesel wagon emitted amounts of NOx seven times above the legal limit.