Automotive

Former VW boss to pay firm $13 million over diesel scandal

Former Volkswagen CEO Martin Winterkorn has agreed to pay 11.2 million euros ($13.6 million) in compensation for what the company called his failure to quickly get to the bottom of the 2015 scandal over diesel engines rigged ...

Energy & Green Tech

Switch to electric vehicles could 'end oil era': analysis

Emerging markets switching from petrol and diesel engines to electric vehicles (EVs) could save $250 billion annually and slash expected growth in global oil demand by as much as 70 percent, an industry analysis showed Friday.

Automotive

Ex-Audi boss to stand trial for 'dieselgate'

Former Audi boss Rupert Stadler on Wednesday becomes the first to stand trial in Germany over the "dieselgate" emissions scandal, five years after parent company VW admitted responsibility.

California approves 1st-in-US electric truck sales rule

California regulators approved new rules on Thursday that would force automakers to sell more electric work trucks and delivery vans, a first-of-its-kind rule aimed at helping the nation's most populous state clean up its ...

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