India will not extend an April 2022 deadline to tighten fuel efficiency standards, in a setback for carmakers which are lobbying for more time, government and industry sources say.
A federal judge has approved Daimler AG's $1.5 billion settlement to resolve a U.S. government probe into the German automaker's use of undisclosed software that allowed excess diesel pollution to be emitted by 250,000 of its vehicles in the United States.
India will make public within 15 days details of a "cash for clunkers" scheme which would spur around 10 billion rupees ($1.4 billion) in new investment and create as many as 50,000 jobs.
The Trump administration has agreed to an auto industry request to delay the start of dramatically higher penalties for companies that fail to meet fuel efficiency requirements, a move that could save the industry hundreds of millions of dollars or more.
