Volkswagen to change diesel technology in wake of scandal
http://www.bostonglobe.com/business/2015/10/13/volkswagen-change-diesel-technology-wake-scandal/BcfEhl5kDiK7kovEGDQiOO/story.html
Volkswagen AG said that it would reduce investment spending at its main passenger-car brand by $1.1 billion per year.
Volkswagen to change diesel technology in wake of scandal
By David McHugh Associated Press
October 13, 2015
FRANKFURT, Germany Volkswagens flagship brand will switch to new diesel emissions control technology in Europe and North America as well as cut $1.1 billion (1 billion euros) in annual investment spending.
VW brand head Herbert Diess made the announcement Tuesday as the company struggles to overcome a scandal over the fact that some of its cars are equipped with computer software that let them evade US emissions tests.
Diess said the company would change its diesel technology in Europe and North America and install systems that that use a mixture of the chemical substance urea and water to reduce diesel emissions. He said that change would come as soon as possible.
He said the company would extend its low-cost manufacturing techniques and reduce spending on investments.