By Paul Brown Oil and gas companies have underestimated probable electric vehicle sales and the effect they will have on their own businesses and profits, a new report says. If the car manufacturers’ projections of future sales of electric cars are correct, then demand for oil will have peaked by 2027 or even earlier, sending […]
The world’s biggest automaker is shifting away from traditional gas guzzlers. Volkswagen, which has been rebounding from its emissions-cheating scandal, plans to offer an electric version across the group’s 300 models by 2030. The company is also rolling out 80 new electric cars under its multiple brands by 2025. “Customers want clean vehicles. People want […]
Volkswagen is offering German drivers up to 10,000 euros ($11,810) off a new, cleaner VW if they trade in an older diesel car of any brand. The carmaker, which has taken a big hit to its public image ever since its emissions-cheating scandal, said in a statement it is “shouldering its share in the responsibility […]
Volkswagen is bringing back its hippie-approved minivan but with a 21st century upgrade—the new I.D. Buzz is all-electric. The concept car was first revealed at the Detroit Auto Show in January and now the German automaker is officially putting its reinvigorated Microbus into production. “Emotional cars are very important for the brand,” VW boss Herbert […]
A U.S. federal judge approved a $14.7 billion settlement in the Volkswagen “Dieselgate” scandal. Yuankuei / Flickr This is one of the largest consumer lawsuits affecting more than 475,000 diesel cars in the U.S. The settlement gives Volkswagen owners the option to sell their vehicle back or get a free fix. “The settlement is fair, […]
On Jan. 29, 1886, Carl Benz—who had invented the first stationary gasoline engine seven years earlier—patented a “vehicle powered by a gas engine,” which he had built in Mannheim, Germany. By 2030, the country may ban his invention. The world’s first automobile, invented in 1886.Mercedes-Benz Germany’s Bundesrat, its upper house of parliament, passed a bipartisan […]
When Volkswagen (VW) engineers were challenged to enable small diesel engines to meet stringent U.S. standards for nitrogen oxide pollution, they tried—tried—and failing—cheated. Now VW has agreed to one of the largest pollution penalties in history—whose hidden underside is that the engineers are still failing. Of the $15 billion VW has so far committed, $5 […]
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