Paul A. Eisenstein is a CNBC contributor and the publisher of thedetroitbureau.com. He has over 30 years of experience covering the auto industry.
EPA officials have not formally ordered a recall of 482,000 VW products, but that step is likely to take place, according to an EPA spokesperson.
How Volkswagen will solve its "defeat device" problem without compromising performance of 482,000 VW diesels. NBC News reports.
VW faces some desperate and immediate challenges.
"You now have a passionate constituency that feels betrayed," said Mike Jackson, CEO of Florida-based AutoNation.
VW's recent accomplishments made Winterkorn's resignation seem all the more sudden.
The U.S. government will be less accepting of auto industry claims, warns the top federal vehicle safety regulator.
Bentley's Bentayga SUV will come with a pricy option: a Breitling Mulliner Tourbillon clock worth about $234,000.
Drivers living in states with fewer rural communities are likely to shell out more cash on auto-related costs.
Smart car's new vehicle comes at a time when cheap gas has American motorists buying pickups and SUVs in record numbers.
Automakers and governments are working to make the world's roadways more advanced and better for the environment.