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Home > World Business Report > Car manufacturers face stricter rules after German legal ruling
Podcast: World Business Report
Episode:

Car manufacturers face stricter rules after German legal ruling

Category: Business
Duration: 00:27:10
Publish Date: 2023-06-26 15:14:00
Description: Germany's highest court has ruled that car manufacturers must - in principle - pay compensation to customers whose diesel vehicles were fitted with illegal devices to control emissions. The federal judges' decision could potentially cost Volkswagen, Mercedes-Benz and other carmakers millions of dollars. After a mutiny by Wagner paramilitary forces in Russia was defused on Saturday, Global investors have been quick to react as the Russian rouble sank to a 15-month low - back to levels not seen since the early days of the invasion of Ukraine last year. Pakistan is in a last-ditch attempt to revive a deal with the IMF. The finance minister has made drastic changes in the budget to try to secure the deal.
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