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Business 05 Aug 2013 | 12:00 AM

Diesel shortage hits palm oil sector

KUALA LUMPUR: A repeat episode of the diesel shortage in Malaysia this year can badly jeopardise the entire supply chain for palm oil, one of the country’s top revenue earners, warned industry players.

Auto 20 Dec 2016 | 11:13 PM

VW agrees to fix, buy back more polluting US diesel vehicles

WASHINGTON: Volkswagen AG has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States as the German automaker on Tuesday took new steps to put its emissions cheating scandal behind it

Business 28 Jan 2019 | 12:00 AM

As Europe’s drivers ditch diesel, they get lucky in oil market

LONDON: Europe’s drivers are ditching diesel cars in favour of petrol. The oil market is handing them something of a lucky break as they do.

Auto 09 Aug 2017 | 12:00 AM

VW offers incentives to trade in dirty diesel cars

FRANKFURT: Volkswagen AG’s namesake brand and its upscale sister marque Audi are offering as much as 10,000 euros (US$11,800) per car in incentives in Germany to trade in older diesel models for new ones that spew out fewer emissions as political pressure to fight pollution intensifies ahead of general elections.

Auto 18 May 2017 | 12:00 AM

Volvo to stop developing new diesel engines, says CEO

BERLIN: Swedish carmaker Volvo will not develop any new diesel engines as the cost of reducing emissions of nitrogen oxide is becoming too expensive, chief executive Hakan Samuelsson was quoted as saying.

Commodities 14 Nov 2018 | 12:00 AM

Petronas unit to up Euro 5 diesel output

MELAKA: Petronas through its subsidiary, Malaysian Refining Company Sdn Bhd (MRCSB), plans to invest more than RM1.5bil to increase the production of Euro 5 diesel for domestic consumption.

Business 03 Oct 2018 | 12:00 AM

German diesel deal gives drivers choice of hardware fix or trade-in

BERLIN: Owners of older diesel cars in German cities where the air is particularly polluted should be able to choose between trade-in incentives and a hardware upgrade, coalition parties have agreed according to a paper seen by Reuters.

Business 18 Apr 2019 | 12:24 AM

Petrobras hikes diesel price, eyes divestments amid investor unease

RIO DE JANEIRO/SAO PAULO: Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.

Auto 10 Jul 2017 | 12:00 AM

France to end sale of diesel, gasoline vehicles by 2040

PARIS: France aims to end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later, Ecology Minister Nicolas Hulot said at a presentation of measures to keep up momentum on the Paris climate agreement.

Auto 17 Oct 2018 | 12:00 AM

VW’s Audi unit settles Munich diesel probe for US$926mil

MUNICH: Volkswagen AG’s Audi unit agreed to pay an 800 million-euro (US$926mil) fine for its role in the diesel-cheating scandal that has disrupted the car industry for more than three years and landed Audi’s longtime leader in jail.