U.S. manufacturers have been highly successful in reducing pollution over the past two decades, yet their costs to shrink their environmental footprint continue to grow. They're being affected by the law of marginal returns and each new pollution regulation that EPA devises will be increasingly more costly to implement.
The automaker will lay out its plans Friday, not long after telling French leadership that its recall program there will start early next year and confirming it will hold off on planned investment in China....More
The crisis rolls on for Volkswagen, which now has two weeks to deal with the European Union and clear up its language about carbon emissions irregularities (and to work to improve its credit rating, and to bargain with unions ...)...More
Volkswagen has confirmed that American and Canadian car owners will receive pre-paid cards to be used at the company's dealership, and added that it will tailor compensation packages for different countries....More
Toyota CEO: ‘Toyota is not indifferent to volume, we have a clear target to raise volume, but I want everybody in the world to see our company as the greatest car manufacturer, rather than the biggest.’...More
CEO Mueller: ‘The figures show the core strength of the Volkswagen group on the one hand, while on the other the initial impact of the current situation is becoming clear. We will do everything in our power to win back the trust we have lost.’...More