Volkswagen AG will probably miss a Thursday court deadline to reach a comprehensive agreement with U.S. authorities over its tainted diesel engines, possibly exposing the carmaker to daily fines and other sanctions.
Europes largest automaker is in the midst of complex talks with the U.S. Environmental Protection Agency about possible fixes for about 480,000 diesel cars with 2-liter engines.
Volkswagen AG will embark on one of the biggest recalls in European automotive history, affecting 8.5 million diesel vehicles, after German authorities threw out the carmakers proposal for voluntary repairs.
BMW AG, Audi AG and Daimler AG will buy Nokia Oyjs digital-map unit for 2.8 billion euros ($3.1 billion) to gain technology for connected cars that will eventually be the basis for self-driving vehicles.
Mercedes-Benz has followed Volkswagen AGs Audi unit in getting a license to test self- driving vehicles on California roads as the luxury-car makers vie for a market predicted to grow to $87 billion by 2030.
Mercedes-Benz has followed Volkswagen AGs Audi unit in getting a license to test self- driving vehicles on California roads as the luxury-car makers vie for a market predicted to grow to $87 billion by 2030.