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Volkswagen is ready to pay compensation to the owners of diesel cars. Volkswagen is ready to voluntarily pay $1,000 to each owner of a diesel vehicle, which has an engine 2.0 TDI. Half of this amount is permitted to spend for personal needs, while the remaining $500 can be spent only in Volkswagen dealerships. In addition, the company guarantees the drivers to have free technical assistance for three years. Around 482 million Americans will receive the compensation. The scandal emissions of the Volkswagen started because of 2.0-liter TDI. The German manufacturer with a special equipm...
Porsche has decided to suspend the sale of vehicles with a diesel 3.0-liter engine in the US.This was done immediately after the US Environmental Protection Agency (EPA) announced the results of the investigation the engine V6 3.0 TDI, installed in Porsche cars, Audi vehicles and Volkswagen automobiles.The scandal emissions of the Volkswagen started because of 2.0-liter TDI. The German manufacturer with a special equipment brought down the level of emissions of nearly half a million cars from United States. During this scandal the head of Volkswagen Martin Winterkorn has announced about his re...
German manufacturer Volkswagen has presented its financial results for the third quarter. This is for the first time when one of the largest automaker in the world after the "diesel scandal" has declared its financial report.The operating loss of Volkswagen in the third quarter amounted to 3.48 billion euros against a profit of 3.23 billion euros in the same period last year. The index exceeded the forecasts of analysts, who had expected that it will be 3.3 billion euros. The loss was the result of "diesel scandal", causing the concern to put aside 6.7 billion eur...
The Quebec government is ready to spend more than $420 million in 2020 just to promote and to sell hundred thousand units of electric and hybrid vehicles annually. “Transportation electrification represents a way for Quebec to set itself apart by promoting important values such as respect for the environment, collaboration and knowledge as well as the desire to enhance the public’s prosperity and well-being,” the province’s Ministry of Transport says in Propelling Quebec Forward with Electricity, a document that lays out the program.As they already planned the char...
According to Reuters News Agency Ford Motor Company has released plans on a strong investment of $1.8 Billion (11.4 Billion Yuan) spread over a period of five years to expand R&D in China. This news confirms the direct and concerted effort made by the US Motor giant carmaker in order to secure for itself a rather large slice of the world’s largest auto market, still untapped by some major players. Ford now stands as the fifth-largest foreign automaker in China. It follows GM, Volkswagen AG, Hyundai, and Nissan. However, Ford has had a rapidly ascending ga...
