Search Result for : Carbon Emission

The Dollar Business Bureau Volkswagen has planned to buy back or repair the polluting vehicles and pay the owners around $10,000 under the $14.7 billion deal, as the company plans to settle the lawsuits that stemmed due to its emission cheating scandals. Volkswagen has retained $10 billion to either buy back or repair around 475,000 polluting vehicles with a 2-liter diesel engine. The automobile major also looks to compensate the owners with an additional payment between $5,100 and $10,000. The car owners who would opt for buybacks would get a clean trade in value for their cars. Just before the scandal, the average value of the VW diesel dropped by 19%. The average value of VW diesel in August 2015 was $13,196. This May the value was $10,674. The scandal appeared in September, when it came to light that ...

The Dollar Business Bureau The government will formulate a new policy to check carbon emission from increasing number of vehicles and explore ways to use alternate fuel. An expert committee, which was formed to draft Auto Fuel Vision and Policy 2025, has suggested measures to improve auto fuel quality, cut emission from vehicles and availability of fuels, Minister of State, Petroleum and Natural Gas, Dharmendra Pradhan told Lok Sabha on Monday. The committee under the chairmanship of Soumitra Choudhuri, member of Planning Commission, has also recommended suitable mix of auto fuels including gas and its specifications. The panel has made various recommendations including a roadmap for phased introduction of BS-IV and BS-V auto fuels in the entire country. As ...