Daimler will a EUR870m (US$957m) for breaking diesel emissions regulations, German prosecutors told reporters on Tuesday.
German prosecutors plan to file criminal charges against the current Volkswagen AG CEO, chairman, and a former CEO, alleging they intentionally delayed telling investors about the carmaker's cheating of US diesel emissions tests. However, VW late on Thursday denied the allegation, claiming the share price fell because US authorities published their allegations "completely unexpectedly during ongoing discussions with Volkswagen".
German prosecutors reportedly plan to file criminal charges against the current Volkswagen AG CEO, chairman, and a former CEO, alleging they intentionally delayed telling investors about the carmaker's cheating of US diesel emissions tests.
Hyundai Motor Group followed up its announcement it had agreed a US$4bn tie-up with Ireland-based components supplier Aptiv by revealing, at a separate news conference with South Korean journalists in New York, plans to begin production of autonomous vehicles by 2024, as it looked to take an early lead in bringing self-driving technologies to global markets.
Tyre maker Hankook Tire has announced that the company will be an original equipment supplier for tyres on the new Audi Q8.
BYD has delivered 50 T3 pure electric vans to Nassau, capital of the Bahamas, partnering with car dealership, Easy Car Sales.
California-based EV start-up Faraday Future has announced its latest equity financing, IPO, and FF 91 delivery strategy at its annual '919 Futurist Day'.
Cummins has unveiled a four-month pilot project in Indiana to evaluate an on-demand transit solution in partnership with Purdue University and Energy Systems Network (ESN) starting 30 September
BYD has secured an order to deliver 22 fully-electric 12-metre eBuses in Germany.
Audi is aiming to reduce CO2 emissions by 30% over the vehicle lifecycle by 2025 as part of what it says its commitment to the Paris Climate Agreement.
News
24 Sep, 2019
A mildly revamped version of the MINI Countryman has been caught on camera during its road assessment
Honda Motor announced it will phase out diesel cars from its European line-up by 2021, as the popularity of the fuel across the region continues to decline due to emissions concerns.
China's FAW Group joined the highly competition local ride-hailing sector this week with the launch of its own ride-hailing app, called Qimiao Chuxing.
The US Securities and Exchange Commission (SEV) said in a statement it had today (23 September) filed settled fraud charges against Nissan, its former CEO Carlos Ghosn, and its former director Greg Kelly related to false financial disclosures that omitted more than US$140m to be paid to Ghosn in retirement.
News
24 Sep, 2019
Prototype glove set to help prevent musculoskeletal disorders for production-line staff
As expected, a group of 23 states has sued to block the Trump administration from undoing California's authority to set its own strict car pollution rules, as announced by the EPA last week.
News
23 Sep, 2019
Toyota has released an off-road-inspired version of the Corolla Touring Sports estate in partnership with the cycle manufacturer, TREK
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