- ChatGPT takes on the tough US medical licensing exam
- Massive fire tears through Gulshan market, causes partial collapse
- 'Nizami didn’t ask mercy, order to hang given'
Volkswagen near USD 2 billion US criminal settlement in ‘dieselgate’:report
New York: Volkswagen is close to a deal to pay USD two billion to settle a US criminal investigation into the emissions-cheating scandal involving its diesel cars, a leading American daily has reported. A settlement between the US Department of Justice and the German auto giant could come as early as next week, the New York Times reported yesterday, citing three people who were not identified. VW told AFP it was continuing to cooperate with US authorities to resolve the case.
Volkswagen admitted last year it had installed software on as many as 11 million diesel vehicles sold worldwide to circumvent tests for emissions while enabling them to release up to 40 times the permitted amounts of nitrogen oxides during actual driving. Volkswagen already has settled civil charges in the scandal, agreeing to pay USD 14.7 billion in an agreement that permits owners of nearly a half million 2.0-liter diesel vehicles to either sell them back or get them fixed.
Last month, the company announced it reached an additional USD 1 billion civil agreement with US authorities for a similar on deal covering 80,000 3.0-liter diesel vehicles. However, that agreement has yet to be approved by a judge.
PTI
More News of Business
More News of Business
-
Domestic airlines face challenges due to USD crunch, Taka devaluation
23 February, 2024 23:11 pm -
BB adds eight more CA firms
5 February, 2024 23:14 pm -
New DG of BGB takes charge
5 February, 2024 23:12 pm -
Mashrafe, Shakib made members of sports ministry parliam cmte
5 February, 2024 23:10 pm -
Go digital, take Bangla literature to global stage: Prime minister
2 February, 2024 00:01 am -
Bangladesh returns Hajj quotas due to lack of pilgrims
31 January, 2024 17:27 pm -
Ekushey Boi Mela: What security measures are in place?
31 January, 2024 17:25 pm -
Ensure fair process for all arrested in Bangladesh
31 January, 2024 17:23 pm -
Govt to procure 1 cargo LNG, 60,000 MTs of fertilizer
31 January, 2024 17:20 pm -
Bangladesh, Saudi Arabia keen to enhance bilateral ties
31 January, 2024 17:18 pm -
Measures issued against Israel by UN top court
27 January, 2024 09:07 am -
Sunny Leone starts restaurant business
27 January, 2024 09:01 am -
Cumilla clinch big win over Sylhet despite having low total
27 January, 2024 09:00 am
-
Inter-bank exchange rate of USD hit record Tk109
15 June, 2023 18:57 pm -
Russian defence minister says more tanks needed in Ukraine
17 June, 2023 20:49 pm -
Next national polls will be held on time: PM
16 June, 2023 18:52 pm -
Nusrat Choudhury becomes first Bangladeshi-American federal judge
17 June, 2023 20:34 pm -
PM returns home from Geneva
17 June, 2023 20:25 pm -
Sheikh Hasina sends seasonal mangoes to Indian President, PM
15 June, 2023 08:50 am -
Bangladesh, Sweden discuss trade, Rohingya crisis
17 June, 2023 19:28 pm -
Tesla recalling more than 2 million vehicles to fix Autopilot safety problem
14 December, 2023 03:58 am -
Israel bombs Gaza after warning Hamas nears ‘dissolution’
16 December, 2023 22:14 pm -
AL commits vote dacoity in old ways: GM Quader
7 January, 2024 21:59 pm -
Zunaid Ahmed Palak reelected from Natore-3
7 January, 2024 21:23 pm -
Govt to buy edible oil, lentil, wheat worth Tk 662cr
27 December, 2023 19:52 pm -
Liton, Shoriful lead Bangladesh to thrash NZ by 5 wkts
27 December, 2023 19:48 pm