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PARIS, July 13 (Reuters) – Auto maker Stelllantis said its wholly owned subsidiary FCA Italy had been placed under investigation by a Paris court on Tuesday over allegations of consumer fraud relating to the sale of diesel vehicles between 2014 and 2017. Stellantis (STLA.MI) said the company …
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Former Nissan and Renault boss Carlos Ghosn denied any responsibility in Renault’s alleged cheating on emission tests for diesel vehicles during more than six hours of questioning in Beirut in May, according to documents seen by AFP. Ghosn led the Franco-Japanese car-making alliance before his …
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The Mitsubishi probe was just one twist in the Dieselgate scandal that erupted in 2015. TOKYO: Japanese automaker Mitsubishi Motors confirmed Monday it paid a 25 million euro fine issued by German prosecutors over emissions fraud allegations earlier this year. German authorities last year raided 10 …
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It’s here – the EU Commission decision that companies collaborating on technical standards may be deemed to have participated in a cartel. It’s a costly decision for the participants, who face fines of €875 million. Now the wait for the Commission to make its decision public – it will be critical …
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The European Commission imposed a fine on Volkswagen and BMW, to the tune of €502 million ($594 million) and €373 million ($441 million USD) respectively, for colluding to curb the use of diesel emissions cleaning technology. In the case, which is separate from VW’s Dieselgate scandal, Volkswagen …
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(Reuters) — Volkswagen AG said on Thursday it would appeal a decision by an Italian court ordering the German group to refund consumers participating in a class-action lawsuit over the carmaker’s rigging of diesel emissions tests. Italian consumer group Altroconsumo said a court ordered Volkswagen …
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Article 0 Comments Volkswagen said on Thursday it would appeal against a decision by an Italian court ordering the German group to refund consumers participating in a class action lawsuit over the carmaker’s rigging of diesel emissions tests. Italian consumer group Altroconsumo said a court ordered …
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Three of Germany’s largest carmakers formed an illegal cartel by agreeing to fix the amount of harmful nitrogen oxides emitted by their diesel engines at just below the legal limit, the European Commission announced on Thursday as it issued a multi-million euro fine. by Simon Pickstone
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Sets precedent by applying antitrust law to technical talks Daimler gets off fine after blowing whistle on cartel VW considering taking legal action BMW says cleared of suspicion of emissions cheating BRUSSELS, July 8 (Reuters) – The European Commission fined German carmakers Volkswagen and BMW a …
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By Dhirendra Tripathi Investing.com – Volkswagen (DE:VOWG) and BMW (DE:BMWG_p) stock were trading lower in European markets as the European Union imposed a fine of $1.03 billion on the two German carmakers for restricting competition in emission cleaning for new diesel passenger vehicles. …
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