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Added on the 28/06/2016 12:07:11 - Copyright : Reuters EN
Premium car brand Audi is to invest $79.5 billion dollars over the next five years in self-driving electric cars.
Volkswagen forges U.S. deal to buy back or fix about a half million polluting diesel cars and set up environmental and consumer compensation funds. Bobbi Rebell reports.
The U.S. Justice Department and Environmental Protection Agency says Volkswagen will set aside $10.033 billion to cover buybacks and fixes, part of a $15.3 billion settlement with U.S. regulators over pollution caused by its diesel vehicles. Rough Cut (no reporter narration).
Volkswagen shares have fallen again after the U.S. Justice Department filed a civil suit against the German auto maker for allegedly violating the Clean Air Act by installing illegal devices to impair emission control systems in 600,000 vehicles. As Hayley Platt reports, the allegations carry penalties that could cost Volkswagen billions of dollars.
Volkswagen shares have fallen again after the U.S. Justice Department filed a civil suit against the German auto maker for allegedly violating the Clean Air Act by installing illegal devices to impair emission control systems in 600,000 vehicles. As Hayley Platt reports, the allegations carry penalties that could cost Volkswagen billions of dollars.
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