VW, Daim­ler, BMW to up­grade 5mn diesels in res­cue pact

Muscat Daily - - BUSINESS -

Volk­swa­gen AG (VW), Daim­ler AG and BMW AG agreed to up­grade more than 5mn diesel cars in Ger­many in a bid to sal­vage their be­lea­guered diesel tech­nol­ogy and draw a line un­der an emis­sions scan­dal that shows no signs of abat­ing af­ter nearly two years.

The deal, hashed out at an emer­gency sum­mit in Berlin on Wed­nes­day, also in­cludes a fund to pro­mote sus­tain­able trans­port in cities and in­cen­tives to trade-in older diesel mod­els. The up­grades to newer ve­hi­cles will rely on soft­ware patches rather than costly com­po­nent fixes, with the aim of cut­ting emis­sions of smog-in­duc­ing ni­tro­gen ox­ides by 25 per cent to 30 per cent on av­er­age, the Ger­man auto in­dus­try lobby VDA said.

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