Autonomous cars to hit the market after 2025: VW CEO Herbert Diess

In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…

Australia imposes record fine of $86 million on VW for breaching emission standards

On Friday, Australian competition regulator penalized Volkswagen AG $86 million for its alleged false representations about compliance with Australia’s diesel emission standards. The exemplary fine is the highest ever ordered by the court for contraventions of the Australian Consumer Law, said the Australian Competition and Consumer Commission (ACCC) in a statement. According to the ACCC,…