China has fined 12 Japanese suppliers a record $200 million for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago.
China has fined 12 Japanese suppliers a record 1.24 billion yuan ($200 million) for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago.
China has fined 12 Japanese suppliers a record $200 million for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago.
BorgWarner is supplying its mini direct-acting variable force solenoid (VFS) for General Motors' (GM) global front-wheel drive 6-speed automatic transmission programme (GF6).
The average term of a light-vehicle loan in Canada is 69 months, close to a peak of 72 months set in the third quarter of 2013, according to J.D. Power. Longer-term car loans are leaving Canadians in debt for a longer time, analysts say.
Mitsubishi Electric saysi it has received an order from Republic of China's National Development and Reform Commission (NDRC), on 19 August, for payment of a surcharge amounting to CNY44.88m (US$7.3m).
NGK Spark Plug says it has concluded a plea agreement with the US Department of Justice (DOJ), agreeing to pay a fine of US$52.1m based on charges that it violated antitrust laws in connection with sales of automotive spark plugs and oxygen sensors.
JTEKT says it has been fined CNY109.36m (US$17.78m) by the National Development and Reform Commission (NDRC) of People's Republic of China for violation of Chinese antitrust law in relation to some past sales of bearings in Chinese market.
The National Development and Reform Commission (NDRC) of China has announced that it decided to impose monetary sanctions on certain automotive suppliers for violation of China's Anti-Monopoly Law in connection with sales of certain automotive components.
Russia will consider taking measures aimed at supporting the auto market, news agencies quoted Prime Minister Dmitry Medvedev as saying. Car sales in Russia fell 23 percent in July as consumers worry about the impact of the Ukraine crisis.
Russia will consider taking measures aimed at supporting the auto market, news agencies quoted Prime Minister Dmitry Medvedev as saying. Car sales in Russia fell 23 percent in July as consumers worry about the impact of the Ukraine crisis.
News
20 Aug, 2014
Land Rover previews Discovery Sport interior, and confirms Freelander replacement will officially debut online on September 3
Volvo said it swung to a profit for the first half on the back of sharply rising sales in China and growth in Europe, which more than offset lingering weakness in the U.S.
Volvo swung to a profit in the first half of the year on the back of sharply rising sales in China and growth in Europe, which more than offset lingering weakness in the U.S.
Volvo said it swung to a profit for the first half on the back of sharply rising sales in China and growth in Europe, which more than offset lingering weakness in the U.S.
Uber Technologies, the popular mobile car-booking app, hired David Plouffe, a former top political adviser to President Obama, to help it cope with regulatory hurdles and mounting opposition from cabbies around the globe.
Car buyers and owners can use a vehicle's identification number to identify open or unrepaired safety recalls with a new search tool released by NHTSA starting today.
Europe's biggest suppliers rebounded last year as the region showed signs of recovery in the final months of 2013. Overall 2013 European sales by suppliers in the top 30 increased by 7 percent to $183.5 billion compared with the year before.
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?
Adapted from GMM
Two and a half seasons into his Formula 1 grooming by Red Bull, the energy drink has given 24-year-old Frenchman Jean-Eric Vergne his notice.
Not long ago, Vergne was the beneficiary of the severity of Dr. Helmut Marko's decisions when Toro Rosso ousted Sebastien Buemi and Jaime Alguersuari -- the latter just two years after making his F1 debut as a teenager.
"F1 can be cruel," former McLaren driver John Watson told the
Mirror this week, "as it was to Vergne and Alguersuari."
 |
| Red Bull is cutting Jean-Eric Vergne's wings (Photo: WRI2) |
It is not yet clear if Red Bull will throw Vergne a Buemi-like lifeline and offer him another F1 role for 2015.
Toro Rosso boss Franz Tost said only in Monday's statement that he hopes Vergne can show "he still deserves another opportunity in Formula 1".
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
The latest auto news, reviews, prices, product and vehicle releases. 