FRANKFURT Used Volkswagen (VOWG_p.DE) cars have maintained their value in Europe and continue to command a premium over the competitors despite an emissions crisis that has damaged the brand and the image of diesel, credit score-score company Moody’s stated.
In January, U.S. lawmakers introduced a bill calling for cyber security requirements for new automobiles but thus far U.S. regulators have issued suggestions, not rules, on how carmakers ought to shield their computer systems from hackers. Bavaria said earlier it had struck a cope with BMW , Audi and MAN to chop diesel-engine pollution, with carmakers promising to cut back emissions from older fashions and the state government planning incentives to spur gross sales of newer, more environment friendly vehicles.
Consumers looking for nice deals are in luck. Used-vehicle prices at auction fell about 3 percent last 12 months, according to Carmel, Indiana-based mostly KAR Auction Services Inc (KAR.N), which facilitated … Read more