Rupert Stadler, the company’s Chief Executive Officer, was being held regarding the potential risk to tamper or hide evidence surrounding the ongoing diesel emission scandal, this according to a report by Reuters.
The U.S. Environmental Protection Agency stated in September 2015, that Volkswagen had installed software on more than 475,000 vehicles that helped the company falsify outcomes on emissions tests.
Last year, Audi, a division of Volkswagen, recalled more than 850,000 cars to update emissions software. It also recalled approximately 60,000 vehicles just last May, on its A6 and A7 models after it was discovered that the emissions software in the car would need an update.
Finish Line is now an indirect wholly-owned subsidiary of JD Sports, the announcement was made through a press release on Monday.
JD Sports is a European-based retailer of sports, fashion, and outdoor brands.
The deal plans to create a global multi-channel, a retailer of sports fashion and footwear and gives JD Sports a presence in the US market.
Finish Line runs approximately 930 branded locations in U.S. malls and shops inside Macy’s department stores.
The Finish Line was acquired for $558 Million.
Unilever Pushes for Better Transparency in the Influencer Marketing Space
Company Press Release
The company announced in a press release on Monday that it is pushing for greater transparency in the influencer marketing space to combat fraud in the digital ecosystem.
The move looks to create better experiences for consumers and improve the company’s’ ability to accurately measure impact.
The company’s Chief Marketing Officer Keith Weed stated that “At Unilever, we believe influencers are an important way to reach consumers and grow our brands. Their power comes from a deep, authentic and direct connection with people, but certain practices like buying followers can easily undermine these relationships.”
Unilever is one of the world’s largest advertisers with an annual brand and marketing investment of over €7bn.
The company announced on Monday that it has acquired Flipgrid, an educational social video platform.
Flipgrid supports more than 20 million Pre-K to Ph.D. educators, students, and families across 180 countries.
Terms of the deal were not disclosed.
David Neeleman, the founder of four commercial airline companies including JetBlue and WestJet, is reportedly looking to launch a new airliner, this according to a report by Airline Weekly.
According to the report, the proposed company is raising $100 million and will be called Moxy Airways. Bloomberg reports that the company has secured orders for 60 CS300 aircraft from Bombardier Inc.
Moxy Airways is reportedly expected to launch in 2020.