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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 ...

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