Author: BBC News

Tesla overtakes Volkswagen as value hits $100bn

Tesla has displaced Volkswagen as the world’s second most valuable carmaker, after a dramatic rise in share price pushed its market value to more than $100bn (£76.1bn). The milestone sets the stage for chief Elon Musk to collect billions in pay tied to hitting that target. Tesla’s share price has more than doubled since October,… Continue reading Tesla overtakes Volkswagen as value hits $100bn

Canada prosecutors propose £110m Volkswagen fine

Canadian prosecutors want to fine Volkswagen millions of Canadian dollars over its emissions scandal. Volkswagen was charged in December with importing nearly 128,000 vehicles into Canada that violated emissions standards. The company then pleaded guilty to dozens of counts of diesel emissions violations. Globally the scandal has already cost the company more than €30bn in… Continue reading Canada prosecutors propose £110m Volkswagen fine