Takata creditors seek $30 billion, far more than it can pay - court filing

Creditors of bankrupt Takata Corp say the parts maker owes them more than $30 billion after the automotive industry’s biggest recall over its faulty air bags - many times more than the company can repay, a court filing seen by Reuters shows read more »

Volkswagen Has Still Not Fixed One in Three Dieselgate Cars in Britain

Volkswagen has yet to fix one in three of the 1.2 million cars affected by the diesel emissions scandal in Britain, over two years since the revelations first came to light, according to a parliamentary committee.

The German carmaker admitted in September 2015 to using software to cheat diesel emission tests in the United States and has since paid out compensation to U.S. motorists but has refused to do so in Europe.

The British parliament's Environmental Audit Committee said that Volkswagen had slowed the pace of its work in recent months and called on the transport ministry to take action.