Norway’s $850bn sovereign wealth fund, the world’s largest, plans legal action against Volkswagen over the vehicle manufacturer’s emissions scandal. Norges Bank Investment Management, is one of VW’s biggest investors and has stakes in more than 9,000 companies. It said it had been advised by its lawyers that the company’s conduct ‘gives rise to legal claims [...]

South Korea’s government has accused Nissan of manipulating emissions tests for its Qashqai model – an allegation Nissan denies. The exchange follows a probe of 20 diesel car models by the environment ministry in which it claims so-called ‘defeat devices’ had been fitted to the Qashqai. The ministry said it would fine the Japanese car [...]

The BBC reports that Apple has invested $1bn (£693m) in Didi Chuxing, the car-hailing app that has a greater marketshare than US rival Uber in China. Didi Chuxing provide more than 11 million rides a day and claimed to have 87% of the Chinese marketshare. The company is also backed by Chinese internet giants Tencent [...]

Norway has become the fourth country to register more than 100,000 electric vehicles – and the trend is only increasing. With a population of just over five million people, that figure represents a success story for the country’s approach to electric vehicles. At the end of 2010 there were just 3,366 electric vehicles registers in [...]

Paint makers Sherwin-Williams and Valspar remain confident their multi-billion pound merger will go ahead in the first quarter of next year despite a request for additional information from US regulators. Both companies say they expected the request from the US Federal Trade Commission (FTC), which was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements [...]