Martin Winterkorn, the CEO of Volkswagen who resigned today amid allegations that the company cheated emissions testing for 11 million diesel-powered cars, stands to take home a $32 million pension.
U.S. natural gas production has been holding steady in 2015, but stalled growth this year won’t erase the huge supply of gas driving down prices, according to the latest analysis by financial services firm Raymond James.
With its penchant for executing non-violent criminals, torturing suspects and suppressing women and religious minorities, the Saudis are considered by many to have one of the world’s worst human rights record
Researchers from West Virginia University said they had no idea their study of vehicle emissions from Volkswagen diesel cars would jolt the German auto manufacturer into an apology and send its stock price plummeting.
For decades, automakers have been caught between building an engine that squeezes a lot of energy out of the fuel it burns and one that has low emissions.
It is not yet known which systems were modified. But experts are focusing on parts of the exhaust system that are designed to reduce emissions of nitrogen oxide, a pollutant that can cause emphysema, bronchitis and other respiratory diseases
Volkswagen’s rigging of emissions tests for 11m cars means they may be responsible for nearly a million tonnes of air pollution every year, roughly the same as the UK’s combined emissions for all power stations, vehicles, industry and agriculture.
The United Nations Food and Agriculture Association has released data showing that global food prices have experienced the steepest monthly drop since 2008, casting doubt upon concerns about the impact of ethanol production in food price increases.
Volkswagen’s stunning admission that it sold diesel-powered cars that intentionally faked emissions testing results has left many of their owners — who thought they were buying fuel-efficient and environmentally friendly vehicles — angry and feeling betrayed.
Volkswagen AG said Tuesday that 11 million diesel vehicles worldwide may have evaded emissions rules.
