"We call on our elected U.S. leaders to strongly support... continued U.S. participation in the Paris Agreement," said an open letter signed by more than 360 companies and investors, mainly American, including a dozen Fortune 500 firms.
Since 2010, carmakers in Europe have sold almost 30 million vehicles that emit levels of NOx more than three times over the regulatory test limit when actually driven by customers, according to the Transport & Environment group....More
The proposed settlement, with the Federal Trade Commission and drivers of about 78,000 diesel models with 3.0-liter engines, brings the total cost of penalties, buybacks and fixes in North America to more than $23 billion....More
If former CEO Martin Winterkorn knew about the Volkswagen emissions cheating earlier than he claimed and colluded in covering it up, the company’s legal bills could skyrocket past even the tens of billions of dollars and euros it has already paid....More
Martin Winterkorn apologized during his first public appearance since September 2015, saying he was deeply upset about disappointing VW customers, and claimed he had no early knowledge of the emissions scandal....More
While VW is still counting the cost of an unprecedented emissions scandal that rocked the auto sector and German industry, similar allegations are now being levied against other carmakers, including Fiat Chrysler and Renault....More