EU probes VW, BMW, Daimler over alleged emissions collusion

EU antitrust regulators are investigating whether BMW (BMWG.DE), Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers......»»

EU antitrust regulators are investigating whether BMW, Daimler, and Volkswagen colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers. Pascale Davies reports......»»

The Jus.....»»

Germany’s motor vehicle authority KBA is investigating Daimler on suspicion that 60,000 Mercedes cars were fitted with software aimed at tricking emissions tests, the Bild am Sonntag newspaper reported on Sunday. Pascale Davies reports......»»

Germany's motor vehicle authority KBA is investigating Daimler on suspicion that 60,000 Mercedes cars were fitted with software aimed at tricking emissions tests, the Bild am Sonntag newspaper reported on Sunday......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

EU antitrust regulators charged BMW, Daimler and Volkswagen on Friday for hindering competition on emission cleaning technology between 2006 to 2014......»»

Volkswagen, BMW and Daimler are facing an investigation into whether they denied customers the chance to buy cars with cleaner emissions......»»

China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing......»»

New electric models will help BMW and Daimler cut emissions from the cars they sell by an average of 20% this year, the German automakers predicted on Tuesday, as they strive to meet tough new European pollution rules......»»

German luxury carmaker Daimler issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry's diesel emissions scandal, heavy investment in electric vehicles and production problems......»»

Investors have sued Daimler for 896 million euros ($1 billion) in a regional court in Stuttgart, accusing the carmaker of concealing its use of emissions cheating software, German law firm TILP said on Tuesday......»»

Morgan Stanley fired or placed on leave at least four traders over an alleged mismarking of securities that concealed losses of between $100 million and $140 million, according to people with knowledge of the matter......»»

Daimler says it's going to axe about 10% of management positions as it prepares for new emissions rules that could cut profits. Julian Satterthwaite reports......»»

Tougher emissions rules will hit Daimler's profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday......»»

The New York Department of Financial Services is opening a probe into the new Apple Card’s algorithms when determining credit limits after series of tweets from a technology entrepreneur in the past few days alleged gender discrimination......»»

Infosys Ltd said it was investigating whistleblower claims accusing its top two executives of "unethical practices" to boost short-term profit, sending its shares to their worst intraday fall in over six years......»»

German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues......»»

Daimler Daimler may have to recall 260,000 Mercedes-Benz Sprinter vans, Bild reported Sunday.  German regulators are asking questions of the automaker, alleging it may have cheated the emissions readings.  The questions are the latest in in.....»»

Daimler will pay a fine of 870 million euros ($957 million) for breaking diesel emissions regulations, German prosecutors said on Tuesday......»»