The European Union has imposed fines totalling €458m on fifteen car manufacturers for participating in a cartel that affected the recycling of end-of-life vehicles. Volkswagen received the largest fine at €127.69m, followed by Stellantis including Opel at €99.5m, Renault-Nissan at €81.46m, and Ford at €41.46m. The EU also fined the European Automobiles … [Read more...]
£12.6bn fines looming for car makers
Falling demand for EVs means that carmakers could be slapped with billions of fines for missing strict 2025 emissions targets, Renault’s chief has said on French radio. Volvo has reversed plans to end its petrol lineup due to falling ev models' sales and complaints from dealers and now Europe’s car industry faces fines totalling €15bn (£12.6bn) for failing … [Read more...]
