WORLD’S largest car maker commits $54 billion to developing self-driving, emissions-free electric vehicles.

Volkswagen has reached a $1 billion agreement with US authorities on a compensation deal for the last 80,000 vehicles affected by its emissions-cheating scandal in the United States, officials said Tuesday.

The biggest European car producer Volkswagen is facing production delays in a dispute with component suppliers. A week of production delays at the main Wolfsburg plant may cost VW up to €100 million in gross profits.

Volkswagen has agreed a $14.7bn (£11.3bn) settlement deal with US regulators after admitting it cheated emission tests.

VOLKSWAGEN has agreed to pay $US10.2 billion ($13 billion) to settle a huge US civil case over its diesel emissions-cheating scandal, a person familiar with the negotiations told AFP on Thursday.

You may not have heard of Gett, but don't discount it. The Uber and Lyft competitor just got a major boost f-rom Volkswagen.