American VW owners will receive the bulk of the settlement (as much as $10.03 billion, or as much as $10,000 per driver plus the cost of buying back their vehicle), with more budgeted for the EPA. Will other countries demand similar payouts?
Fuel economy standards will increase a projected 53% to 54.5 miles per gallon within the next decade, and tailpipe emissions will need to fall. What does Detroit think about the pending challenge? And how will they accomplish the lofty goals?
Gas producers like Wintershall or Exxon Mobil, had initially agreed to a five-year moratorium on their extraction projects, but ended up losing patience with German authorities.
The environmental remediation program is a key priority for regulators looking to undo the damage of 482,000 diesel cars that emit up to 40 times the permitted amounts of smog-forming nitrogen oxides.
The F-150 makeover took six years and cost Ford more than $1 billion. The problem: some versions of the truck don't meet the government's 2016 emission and fuel-economy mandates.