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EU Fines 15 Major Carmakers $495 Million Over Vehicle Recycling Cartel
The European Commission on Tuesday fined 15 major carmakers and an industry group a total of about 458 million euros ($495 million) for taking part in a cartel over vehicle recycling.
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EU's Chips Act Said to Get Approval on April 18, Likely to Cut EU's Reliance on US and Asian Semiconductors
The European Union's EUR 43 billion (nearly Rs. 3,84,120 crore) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday. The European Commission announced the Chips Act last year in...
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Solid-State EV Batteries Could Cut Carbon Emissions by 29 Percent, Climate Group Says
Electric vehicles that run on solid-state batteries could have a 29 percent lower carbon footprint, according to a climate group. The European group has called for incentives to reduce carbon footprint in the new EV battery regulations being finalised by the European parliament and EU member states — while carmakers like BMW and Ford are working ...
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EV Battery Output Bigger Challenge Than EU Combustion Engine Ban, Says VW
VW has said it will stop selling combustion engine cars in the region by the target, but some carmakers further behind in the race to develop EVs such as Toyota may struggle to meet the target.
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European Union To Toughen Emissions Test For Hybrid Cars - Report
The new methodology could mean some carmakers, who in 2021 sold almost as many plug-in hybrids in Europe as they did battery-electric vehicles (BEVs), would need to sell more BEVs to meet EU emissions targets and avoid sizeable fines.
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European Union To Toughen Emissions Test For Hybrid Cars - Report
The new methodology could mean some carmakers, who in 2021 sold almost as many plug-in hybrids in Europe as they did battery-electric vehicles (BEVs), would need to sell more BEVs to meet EU emissions targets and avoid sizeable fines.
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Daimler's Spanish Unit Can Be Liable For Cartel Damages, EU Court Adviser Says
Daimler's Spanish unit can be liable for damages sought by companies affected by the German carmaker's role in a truck cartel fined by EU antitrust regulators five years ago, an adviser to Europe's top court said on Thursday.
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PSA Boss Sees More Auto Deals, And Some Failures, In Electric Shift
The head of Peugeot maker PSA Group expects more consolidation in the auto industry as carmakers invest vast sums to make electric vehicles, he said on Monday, while predicting some wouldn't make it through the coming decade.
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Fiat, PSA To Win EU Approval For $38 Billion Merger: Report
Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world's No.4 carmaker, people close to the matter said, as they strive to meet the industry's dual challenges of funding cleaner vehicles and the global pandemic.
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EU Probe Into Fiat, Peugeot Deal Halted As Regulators Await Data
EU antitrust regulators have suspended their investigation into Fiat Chrysler and Peugeot maker PSA's proposed merger while waiting for the carmakers to provide requested data.
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Volkswagen Can Face Dieselgate Claims Where Cars Bought, EU Court Rules
EU consumers should be able to sue Volkswagen in their national courts if they have bought cars with emission cheat devices installed, the Court of Justice of the European Union ruled on Thursday. The verdict by the EU's top court raises the possibility that the German carmaker could face masses of legal complaints from consumers across the bloc.
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Vans, Not Glamorous, But Key As EU Weighs Autos Mega-Merger
Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.
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BMW Not Interested In Settling EU Cartel Investigations: Report
Germany's BMW has no interest in settling an investigations by the European Union antitrust authorities against the company and other German carmakers, German magazine WirtschaftsWoche reported on Friday, citing company sources.
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Europe's Carmakers Warn Of Massive Job And Financial Losses In The Event Of No-Deal Brexit
A month before Britain is due to quit the European Union, the bloc's car-makers have joined forces to warn of billions of euros in losses in the event of a no-deal Brexit with production stoppages costing 50,000 pounds a minute in Britain alone.
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Carmakers Near CO2 Cliff-Edge In Electrification Race
By next year, CO2 must be cut to 95 grams per kilometer for 95% of cars from the current 120.5g average - a figure that has risen of late as consumers spurn fuel-efficient diesels and embrace SUVs. All new cars in the EU must be compliant in 2021.
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EU Fines 15 Major Carmakers $495 Million Over Vehicle Recycling Cartel
The European Commission on Tuesday fined 15 major carmakers and an industry group a total of about 458 million euros ($495 million) for taking part in a cartel over vehicle recycling.
-
EU's Chips Act Said to Get Approval on April 18, Likely to Cut EU's Reliance on US and Asian Semiconductors
The European Union's EUR 43 billion (nearly Rs. 3,84,120 crore) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday. The European Commission announced the Chips Act last year in...
-
Solid-State EV Batteries Could Cut Carbon Emissions by 29 Percent, Climate Group Says
Electric vehicles that run on solid-state batteries could have a 29 percent lower carbon footprint, according to a climate group. The European group has called for incentives to reduce carbon footprint in the new EV battery regulations being finalised by the European parliament and EU member states — while carmakers like BMW and Ford are working ...
-
EV Battery Output Bigger Challenge Than EU Combustion Engine Ban, Says VW
VW has said it will stop selling combustion engine cars in the region by the target, but some carmakers further behind in the race to develop EVs such as Toyota may struggle to meet the target.
-
European Union To Toughen Emissions Test For Hybrid Cars - Report
The new methodology could mean some carmakers, who in 2021 sold almost as many plug-in hybrids in Europe as they did battery-electric vehicles (BEVs), would need to sell more BEVs to meet EU emissions targets and avoid sizeable fines.
-
European Union To Toughen Emissions Test For Hybrid Cars - Report
The new methodology could mean some carmakers, who in 2021 sold almost as many plug-in hybrids in Europe as they did battery-electric vehicles (BEVs), would need to sell more BEVs to meet EU emissions targets and avoid sizeable fines.
-
Daimler's Spanish Unit Can Be Liable For Cartel Damages, EU Court Adviser Says
Daimler's Spanish unit can be liable for damages sought by companies affected by the German carmaker's role in a truck cartel fined by EU antitrust regulators five years ago, an adviser to Europe's top court said on Thursday.
-
PSA Boss Sees More Auto Deals, And Some Failures, In Electric Shift
The head of Peugeot maker PSA Group expects more consolidation in the auto industry as carmakers invest vast sums to make electric vehicles, he said on Monday, while predicting some wouldn't make it through the coming decade.
-
Fiat, PSA To Win EU Approval For $38 Billion Merger: Report
Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world's No.4 carmaker, people close to the matter said, as they strive to meet the industry's dual challenges of funding cleaner vehicles and the global pandemic.
-
EU Probe Into Fiat, Peugeot Deal Halted As Regulators Await Data
EU antitrust regulators have suspended their investigation into Fiat Chrysler and Peugeot maker PSA's proposed merger while waiting for the carmakers to provide requested data.
-
Volkswagen Can Face Dieselgate Claims Where Cars Bought, EU Court Rules
EU consumers should be able to sue Volkswagen in their national courts if they have bought cars with emission cheat devices installed, the Court of Justice of the European Union ruled on Thursday. The verdict by the EU's top court raises the possibility that the German carmaker could face masses of legal complaints from consumers across the bloc.
-
Vans, Not Glamorous, But Key As EU Weighs Autos Mega-Merger
Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.
-
BMW Not Interested In Settling EU Cartel Investigations: Report
Germany's BMW has no interest in settling an investigations by the European Union antitrust authorities against the company and other German carmakers, German magazine WirtschaftsWoche reported on Friday, citing company sources.
-
Europe's Carmakers Warn Of Massive Job And Financial Losses In The Event Of No-Deal Brexit
A month before Britain is due to quit the European Union, the bloc's car-makers have joined forces to warn of billions of euros in losses in the event of a no-deal Brexit with production stoppages costing 50,000 pounds a minute in Britain alone.
-
Carmakers Near CO2 Cliff-Edge In Electrification Race
By next year, CO2 must be cut to 95 grams per kilometer for 95% of cars from the current 120.5g average - a figure that has risen of late as consumers spurn fuel-efficient diesels and embrace SUVs. All new cars in the EU must be compliant in 2021.
