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EU antitrust watchdog fines Schaeffler, SKF and three others $1.3 billion


German engineering group Schaeffler, Sweden’s SKF and three Japanese car parts makers were fined a total €953.3 million ($1.3 million) by European Union antitrust regulators for taking part in a ball bearings cartel. The sanctions are the latest from the European Commission which is investigating price-fixing of more than 100 car parts by more than 70 companies in the auto industry. ...
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Renault hybrid fuel project approved by EU
European Union state aid regulators approved a project worth 20.5 million euros ($27.73 million) in French support for carmaker Renault. The French automaker is set to develop a diesel hybrid technology, ...
Mercedes-Benz Vans reports stagnating sales and revenues for 2012
Mercedes-Benz Vans’ operating result from its ongoing business was at the third-highest level in the division’s history in 2012, while sales and revenues almost matched the prior year’s high level. Daimler’s ...
EU car registrations reach record low
New car registrations in the European Union fell to a record low, because of weak demand in several key markets, including Germany. "New registrations amounted to 885,159 units, reaching a historic ...
Peugeot gets temporary EU approval for French state aid
Peugeot's financing arm, Banque PSA Finance, was granted temporary EU approval for 1.2 billion euros of bonds backed by the French state. However, the carmaker now must justify the state-aid package ...
Local official can “neither confirm nor deny” Tata Motors’ investment in Romania
The name of the carmaker that reportedly plans to invest $1 billion in a new plant in Romania is being kept secret by local authorities. Despite speculation that Tata Motors is ...
EU to impose minimum number of EV charging points to member states
The European Union believes the lack of fuelling stations for electric cars and their high price tags are the causes of their disappointing sales. This is why EU transport commissioner Siim ...
EU asks member countries to reduce diesel emissions
The European Union has urged its 27 member states to considerably reduce diesel emissions in order to solve the region's air pollution problem. Diesel-powered vehicles got the attention of the EU ...
BYD given permision to sell electric buses in the EU
Chinese carmaker BYD announced on Monday it had gained official permission to sell its electric buses in all European Union member states. The „Whole Vehicle Type Approval” granted by EU marks ...
Car insurance for women drivers could rise by 24 percent in the UK
Insurance premiums for women drivers in the UK could rise by as much as 24 percent starting December 21, according to comparison site Confused.com. On this day the EU's Gender Directive ...

latest automotive news
New war erupts between F1 teams and media
Jul.27 (GMM/Inautonews.com) Lewis Hamilton versus Nico Rosberg is not the only raging battle in formula one. Red Bull's Christian Horner ...
Title battle sizzles in Hungary thriller
Jul.27 (GMM/Inautonews.com) A thriller at the Hungaroring has thrown fresh fuel on the simmering relations between Mercedes' championship rivals ...
Team performance firing Lotus exit rumours – Grosjean
Jul.27 (GMM/Inautonews.com) Romain Grosjean has admitted Lotus' lack of competitiveness in 2014 is driving rumours he could be set ...
Briatore to inject more ‘show’ into F1 – reports
Jul.27 (GMM/Inautonews.com) Bernie Ecclestone sees friend Flavio Briatore as the key to rescuing formula one's flagging 'show'. That is the ...
Massa bemoans spare parts struggle in Hungary
Jul.27 (GMM/Inautonews.com) Felipe Massa insists he was beaten in Hungary only because his car was not up to par ...
Honda targeting wins for McLaren return
Jul.27 (GMM/Inautonews.com) Honda is targeting nothing other than victory as it prepares to return to formula one in 2015. Every ...
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Jul.27 (GMM/Inautonews.com) Niki Lauda has accused fellow Austrian and F1 rival Dr Helmut Marko of playing games to secure ...
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Jul.26 (GMM/Inautonews.com) Lewis Hamilton's championship hopes went up in Mercedes-flavoured fire on Saturday. Far from keeping his target of a ...
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Zetsche wants Ecclestone to give up F1 marketing
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Jul.26 (GMM/Inautonews.com) F1 team bosses have swerved around the political crisis in the wake of the MH17 air disaster. The ...
Sacked staff to sue Caterham – report
Jul.26 (GMM/Inautonews.com) Caterham is facing legal action after sacking 40 members of staff earlier this month. As team founder Tony ...
Hamilton slams Pirelli tyres in Hungary
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‘Silly season’ strikes F1 throughout 2014 grid
Jul.26 (GMM/Inautonews.com) The unofficial 'silly season' has officially hit F1, as talk of a move to Mercedes for world ...
Mercedes sticking with Brembo despite failure
Jul.25 (GMM/Inautonews.com) Mercedes will continue to work with brake supplier Brembo, despite Lewis Hamilton's disc failure in Hockenheim qualifying ...