Biden to name Gary Gensler as U.S. SEC chair REUTERS Gary Gensler will be named chair of the U.S. Securities and Exchange Commission (SEC) by President-elect Joe Biden, said two sources familiar with the matter, an appointment likely to prompt concern among Wall Street firms of tougher regulation.
First there was Dieselgate, then there was Partneo, and now there is the suspicion of OEMs forming cartels to lower down their ambitions for green technology.
The Dieselgate scandal shook the industry, as it was revealed car manufacturers including Volkswagen were rigging emissions-testing software in their diesel vehicles to make them seem more environmentally friendly than they actually were.
The Chevrolet Colorado ZR2 is supposed to be a rough-and-tumble, body-on-frame, solid rear axle-having pickup that can handle off-road trails with ease. And yet, a number of trucks' airbags are deploying on mild off-road trails, leaving owners with major hassles. Here's what's going on.
Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge U.S. fines, a judge hearing a damages case brought by investors against the German carmaker said on Tuesday.
German carmaker Volkswagen said only half of its VW branded passenger car models in Germany are compliant with a new pollution standard, thanks to a much tougher emissions testing regime.
Fiat Chrysler Automobiles N.V.FCAU is recalling approximately 209,000 units of sports utility vehicle (SUV) and minivan, globally, per AP. The recall is to fix a braking problem in the vehicles, which can make the vehicles take longer distances for stopping.
The Trump administration reopened the feasibility review for 2022-25 fuel economy standards in 2017 because it said the process conducted under President Barack Obama was rushed and politically motivated.
Swiss authorities have halted registrations of some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles which had diesel engines that disguised emissions levels, the Astra roads agency said on Wednesday.
The European Commission has concrete information suggesting that automakers are cheating in a new emissions testing procedure. Only this time, they appear to be over-polluting, in order to make it easier for them to meet stricter limits on CO2 emissions in the future.
According to a media report, automaker Opel is being investigated for manipulating vehicle emissions on about 60,000 cars worldwide. It is the first time the company has been named since Dieselgate broke in 2015.
Supplier Robert Bosch must hand over e-mails in connection with lawsuits brought by investors against Porsche SE in connection with the Volkswagen (VW) diesel scandal, a Stuttgart regional court ruled on Friday.
Nissan, last year accused by UK consumer magazine Which? of faking emissions data, has admitted its own "dieselgate."
Nissan Motor said Monday it altered the results of exhaust emissions and fuel economy tests of new vehicles sold in Japan, in the latest misconduct to surface at the Japanese automaker.
Audi's CEO Rupert Stadler is "ready to talk" after being arrested in connection with the emissions-cheating scandal. Meanwhile, the company's executive board is deliberating his replacement.
Being in charge of a business during a scandal that misled consumers, spewed pollutants into the atmosphere and helped incinerate billions of your parent company's capital might get you sacked at many places. At Volkswagen AG, it gets you promoted.
When evidence emerged that Audi had played a major role in developing illegal emissions software on Mr. Stadler's watch, he and most other top executives kept their jobs.
A German court ruled on Friday that investors pushing for damages over a sharp fall in Volkswagen shares after the carmaker disclosed emissions cheating in 2015 can also seek redress from majority shareholder Porsche SE.
German prosecutors on Monday widened an emissions cheating probe into Volkswagen's luxury carmaker Audi to include the brand's Chief Executive Rupert Stadler among the suspects accused of fraud and false advertising.
Former Volkswagen Group CEO Martin Winterkorn has been asked to testify before a German court in connection with a lawsuit seeking damages from the automaker over its emissions cheating scandal, German paper Bild reported.