Clean Air Act

The U.S. Supreme Court has overturned a 40-year-old decision that gave the executive branch the power to rule on laws passed by Congress that were unclear. The decision, known as the Chevron doctrine, stems from a unanimous Supreme Court case involving the energy company in an argument over the...

In a landmark settlement, Cummins Inc. (NYSE:CMI) is ordered to recall 600,000 Ram Trucks. The engine manufacturer has been implicated in an emissions cheating scandal, leading to a record-breaking $2 billion penalty. What Happened: The Department of Justice (DOJ) revealed on Wednesday details of a...

Shares of Ford Motor Company (NYSE: F) were falling after Moody’s Investors Services cut its credit rating to junk status. Moody’s downgraded Ford’s debt rating from Baa3 to Ba1, a non-investment grade rating, citing “considerable operating and marketing challenges facing...

At the face of it, President Donald Trump might seem a champion for the auto industry. The president during his recent visit to Detroit, America's auto capital, warmed the hearts of the automakers by announcing he would revisit his predecessor former President Barack Obama's emission control...

When the Environmental Protection Agency revealed that Volkswagen AG (ADR) (OTC: VLKAY) installed software on its diesel vehicles designed to cheat emissions tests, many began to discuss whether or not this scandal has the potential to put the world's largest automaker out of business....

Shares of Volkswagen AG (ADR) (OTC: VLKAY) plunged to new 52-week lows of $24.40 on Tuesday. Investors and traders continue reacting to the negative headlines that the company manipulated its emissions standards data. Volkswagen stated it will fully cooperate with regulators, as emissions under...

As the week comes to end, Benzinga takes a look back at some of the top trending auto news stories. Hyundai And KIA Settle With U.S. Regulators South Korean-based Hyundai and Kia were fined $100 million by U.S. regulators for violating the Clean Air Act. The automakers were accused of over-...