Sales of diesel cars conforming to Euro 5 emissions standards have plummeted, despite recent moves to allow retrofitting. Even newer models are selling poorly. Dealers have a glut of unsold diesel cars. Off-lease models are compounding the problem.
German car dealers active in the used vehicle market are reeling from the aftermath of the diesel emissions-cheating scandal, a new study has shown. Profit margins are going down fast as diesels are hard to sell.
French train maker Alstom has rolled out the world's first hydrogen-powered train on a regular route in Germany, in a push to challenge the reign of polluting diesel trains with costlier but more eco-friendly technology.
Europe's largest carmaker has said it's willing to buy back new diesel cars should German cities ban them. The announcement is meant to reassure potential clients and stem a plunge in diesel car sales.
The German airline has faced its moment of truth as a fierce bidding war has basically closed. Wildcat strikes by pilots had complicated talks on the break-up of the carrier that filed for bankcruptcy protection.
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