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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
Recall roundup: Ford Edge and Lincoln MKX
Ford has issued a recall for several Edge and Lincoln MKX vehicles because of a problem with corrosion. The North American ...
BMW M4 Special Edition GTRS4 by Vorsteiner going to SEMA
The aftermarket specialists from Vorsteiner have officially announced the official introduction of the BMW M4 Special Edition GTRS4 at the ...
Another Ferrari LaFerrari is up for sale
Another unit of the impressive Italian hybrid supercar Ferrari LaFerrari is up for grabs, this time in the United Arab ...
Takata debacle puts GM’s mishaps under the shade
The year started off incredibly hard for General Motors, after a February recall that led to lawsuits, a total rethink ...
2015 Ford Everest to be unveiled in November
The North American based automaker Ford is planning to officially pull the wraps off the 2015 Everest in mid-November. The 2015 ...
Three new Scion Concept cars going to SEMA
Scion has announced its plans to introduce no less than three new concept cars at the upcoming 2014 SEMA Motor ...
US: October sales expected to remain strong
The news are gloomy again, with huge swings on global stocks and threatening headlines about a new economic crisis, but ...
Meet the AeroMobil 3.0 – a functional flying car
The Slovakian based company called AeroMobil has officially unveiled the third generation of its flying car, named suggestively the 3.0. Mankind ...
US: Dodge restarts production of the 2014 Viper SRT
The Viper was resurrected in 2012, but the manually fabricated American take on the supercar had a slow start – ...
Kia Ultimate Karting Sedona going to SEMA
Kia has officially pulled the wraps off its newest creation, the Ultimate Karting Sedona, which will be officially presented to ...
Audi A4’s 20th anniversary celebrated – new model coming in 2015
The German based automaker Audi is currently celebrating the 20th Anniversary of its “most successful Audi of all time”, the ...
Are you driving an “undead” car?
Today it’s Halloween. So, gear up with popcorn, go to a horror move marathon or send your kids on the ...
Five customized Ford Transits going to SEMA
Ford has announced the introduction of five customized Transits at the upcoming 2014 SEMA Motor Show. No less than five customized ...
Toyota FCV Rally Car goes official
The Japanese based automaker Toyota has officially pulled the wraps off the brand new FCV Rally Car, which will be ...
[VIDEO] Honda Civic Type R – first official teaser released
The first official video teaser with the brand new Honda Civic Type R has been recently introduced. The development of a ...
The famous Nuerburgring goes to a Russian investor
They didn’t manage to impose their will after the Second World War, but maybe the global capitalism move aids them ...
Three customized 2015 Ford Expeditions going to SEMA
Ford has recently announced its plans to introduce three customized 2015 Expeditions at the upcoming 2014 SEMA Motor Show. Ford will ...
Ram brand chief says technology is to blame for Consumer Reports shameful result
During the latest release of the annual Consumer Report reliability study, the readers of the influential US magazine unanimously panned ...