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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
Alonso responds to rumours about future
Sep.2 (GMM/Inautonews.com) Fernando Alonso has responded to speculation he could be about to turn his back on Ferrari. The Spaniard's ...
VW sales in India serve as warning for other European carmakers
With sales more than doubling in 2011 for Volkswagen in India, it looked like the automaker’s plan was going in ...
French car sales drop in August
The main automotive industry association in France announced this Monday that the country's car sales slid 3% in August, considered ...
Report – Alfa Romeo gets ready for massive production
Alfa Romeo has begun developing three new models seen as key elements to the auto brand’s turnaround. The triple move ...
Rich tech gurus and their sweet rides
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Privately owned cars could disappear from Helsinki
A number of cities around the world are taking steps to reduce or limit the growth of privately owned vehicles ...
Super material could dramatically increase Tesla cars range
The highly coveted luxury electric sedan from Tesla – the Model S – boasts an impressive range for the segment ...
Tesla’ s 5 states bid high for its new battery factory
Tesla has been long planning the $5 billion plant to make batteries for its new generation of electric cars. The ...
Peugeot to cut jobs at its Sochaux plant
PSA Peugeot Citroen will cut 300 jobs at its Sochaux factory in eastern France because it wants to reduce the ...
Report – Thailand to approve Volkswagen factory
According to a German newspaper's report, Thailand is set to give the green light to the construction of a Volkswagen ...
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The European trade body in China said the Beijing government does not plan to force foreign auto parts suppliers to ...
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The new UKL1 MINI platform is also used to underpin new models from the BMW brand. Because of cost cutting, ...
Aston Martin taps Nissan boss Andy Palmer as new CEO
Following a Financial Times report that the Japanese automaker’s executive has moved from Nissan to Britain’s 101-year-old sports carmaker – ...
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Famous football (soccer if you live in the US) star player Cristiano Ronaldo and equally famous Formula One driver Jenson ...
[Video] BMW Welt gets promoted via marriage proposal
Fore sure you heard about the BMW Welt complex in Munich – after all it’s the No.1 tourist attraction in ...
Maserati Levante mule caught on the streets
The Maserati Levante SUV has been finally caught on the streets – cleverly disguised under the body of the Ghibli ...
McLaren MP4-12C lives on with DMC’s Velocita Wind Edition
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