Volkswagen will begin buying back its 2.0L diesel models following approval Tuesday of a $14.7 billion settlement by a federal judge and expects to complete the process by the middle of November.
Mercedes-Benz USA has reduced its 2017 diesel vehicle lineup for the U.S. market and plans to offer only a single diesel-powered model due to increased regulatory scrutiny resulting from the Volkswagen diesel scandal.
The Diesel Technology Forum has released a series of short videos from the Society of Environmental Journalists 26th Annual Conference featuring industry leaders advocating new clean diesel technology.
Volkswagen may not resume sales of diesel models in the U.S. and plans to focus on electrified powertrains and SUVs in the coming years, the company's head of North American operations told fleet managers on Sept. 15.
Clean Diesel Technologies (CDTi) reached an agreement to convert $8.5 million in debt into its common stock, the company revealed in financial results for the second quarter ending June 30.
The $2.7 billion trust fund set up under the proposed settlement between Volkswagen and environmental regulators would likely give priority to government fleets over their commercial brethren to eliminate diesel vehicles, according to a leading diesel group.
Volkswagen has been granted preliminary approval of the settlement agreement to owners and lessees of diesel vehicles found to violate clean-air laws.
Added scrutiny from the U.S. Environmental Protection Agency has delayed certification of BMW's diesel-powered 2017 models as a result of the Volkswagen's emission scandal, several media outlets are reporting.
California air regulators have rejected Volkswagen AG's proposed remedy for its 3.0L clean-diesel engines that violate emissions laws as "substantially deficient," according to a July 13 letter to the automaker.
Volkswagen AG has agreed to pay up to $15.3 billion in a settlement with regulators that requires the German automaker to buy back vehicles at pre-scandal prices and set aside funding for cleaner technologies.
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