Bosch agreed to a US$327.5 million civil settlement in the United States for supplying emissions cheating software to Volkswagen, Audi and Porsche vehicles.
The U.K. automaker’s first plant in continental Europe will produce 150,000 cars a year.
Manufacturers favour giving car owners rebates to buy new vehicles over hardware upgrades to millions of diesel models.
VW CEO says “growing protectionism also poses major challenges for the globally integrated automotive industry.”
VW agreed to spend up to US$10 billion compensating owners of roughly 475,000 Volkswagens and Audi vehicles with 2-litre diesel engines.
Emissions flap has already cost the German automaker $20 billion in fines and civil settlements in the US.
Automaker ordered to recall over 6,000 Mercedes-Benz Vito delivery vans last week for emissions violations.
Guarantee applies to new cars bought from a Volkswagen dealer from April 1 through the end of the year.
IHS technology uses hydrogen for cleaner, more fuel-efficient combustion.
Getting rid of traditional engines presents a number real world hurdles.
Q2 net profit up a scant 2% compared with a year ago, to $2.9 billion.
Sector can grow while adopting clean fuel standards, finding technology to address standards for heavy-duty vehicles.
Vehicles were programmed to turn on pollution controls during testing and off while on the road.
Could pay as much as $4 billion if it can’t repair many of the cars in a way that satisfies regulators.
Will improve towing capacity; engines are also more fuel efficient