Category: News Alert

VW investors approve settlement

July 23, 2021

Shareholders in Volkswagen have approved a deal to settle claims against longtime CEO Martin Winterkorn and three other former executives associated with the company’s 2015 scandal. That year VW admitted to cheating U.S. diesel engine tests. The debacle has cost …

Mercedes to go all-electric by 2025

July 23, 2021

Daimler has announced that from 2025, all of Mercedes-Benz’ “newly launched vehicle architectures will be electric-only.” As part of the announcement, the company said it would increase its spend on research and development with total investments into battery electric vehicles …