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Volkswagen Caught In $1B Deal For Diesel Cars Emissions Scandal

Volkswagen Caught In $1B Deal For Diesel Cars Emissions Scandal

Volkswagen reaches $1-billion deal on the last diesel cars caught in emissions scandal

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Volkswagen Wrestles With Diesel Emissions Scandal

Volkswagen to Recall 91,000 Vehicles With TDI Engines Over Fire Risks

Volkswagen will start recalling 91,000 of its Passat 2012-2014 models in the U.S. over problems with the vehicle’s connector that could cause overheating and electrical short. The automaker is lately being clouded by scandals regarding emission and its vehicles.

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Diesel

Volkswagen to fix deceptive engine software in October

The leading global auto major Volkswagen, which is reeling under pressure owing to emission tests rigging scandal, has assured that it would replace the deceptive engine software that manipulates results from emission tests. It's estimated that about 11million vehicles sold across the world have been fitted with manipulative engine software. The German automobile company will start informing the owners of 11mn vehicles. It's found that these vehicles emit harmful pollutants 40 times higher than the US environment standards. However, Volkswagen didn't elaborate on the exact time of completion of the process or any compensation to vehicle owners. Volkswagen will submit a plan on technical solutions to regulators and environmental authorities for approval in October.

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Gas station

California motorists hit the road again: Kemp

California's gasoline sales are rising at some of the fastest rates for a decade, as an improving economy and lower fuel prices encourage more driving, according to state tax records.

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Offshore oil platform

Green light for some would-be U.S. oil exporters; more questions for others

U.S. export regulators are seeking more information from at least three would-be exporters of domestic condensate, including Marathon Oil, while half a dozen other firms have recently been cleared to sell the abundant ultra-light oil abroad, people familiar with the process told Reuters.

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US Oil Drill

As global oil futures tumble, U.S. cash crude traders ask: What glut?

An unusual disconnect has emerged in the U.S. oil market, with headline futures slumping to levels below $90 a barrel even as traders in the physical crude market report surprisingly robust demand and strong pricing.

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