VW outlines changes to diesel emissions technology

• Making some new announcements, Volkswagen (VLKAY) declared it will switch to a new emissions control setup in Europe and North America as well as cut €1B ($1.1B) in annual investment spending.
• The new system will be installed "as soon as possible," and will use a mixture of the chemical substance urea and water, VW brand head Herbert Diess said in a statement.