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Audi wants to cut costs by 10 billion euros ($12 billion) by 2022 while pressure mounts from the diesel emission scandal and the transition over to electric vehicles. Most of that cost savings will come from cutting research and development expenditures, sources close to the matter told Reuters. More funds will be needed to roll […]

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Fiat Chrysler Automobiles and engine supplier Cummins have been hit with a second lawsuit alleging diesel emissions fraud similar to one filed last month. The class-action lawsuit was filed Friday at U.S. District Court in Detroit claiming FCA used “defeat devices” to cheat emissions testing on its larger Ram diesel pickups. FCA US was sued […]

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Volkswagen AG yesterday agreed to a $1 billion settlement to fix or buy back 80,000 polluting 3.0-liter V-6 diesel vehicles in another, but not the last, step to put its diesel emissions scandal behind it. The affected vehicles include models from Audi, Porsche and Volkswagen that were equipped with software to cheat U.S. emission standards. […]

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