BMW and the Volkswagen Group have been fined €875.2 million (£752.2m) by the European Commission after forming a cartel with Mercedes-Benz owner Daimler to limit the potential of emissions reducing technology.
PSA Group has reported record H1 profitability on the same day that Aston Martin suffered a share price slump, Daimler revealed Q2 losses and reports suggest mass job cuts could be on the cards at Nissan.
The European Commission has opened an in-depth investigation to determine whether German car manufacturers BMW, Daimler and Volkswagen colluded over the use of emissions-reducing technology in their vehicles.
Volkswagen’s head of group external relations and sustainability Dr Thomas Steg has been suspended following allegations that monkeys were used in an emissions testing regime carried out on behalf of the brand.
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