The verdict from Germany’s federal administrative court would be final and follow various local court decisions across the country. There are more than 15 million diesel vehicles in Germany, and environmental groups say levels of nitrogen oxide (NOx) endanger the health of citizens. The previous German government agreed to new regulations with the auto industry, but green groups felt they weren’t tough enough. Automotive Industry DataEvercore ISI estimates that the cost of retrofitting the entire German diesel fleet to clean up emissions could be between 15 billion and 29 billion euros ($19 billion to $36 billion). In Germany, Europe’s biggest market, last month diesel sales dived to 33.3% of the market, from 45.1% in January 2017.

Source: Forbes February 19, 2018 18:56 UTC