BMW, Daimler and VW charged with collusion over emissions

The European commission has charged BMW, Daimler and Volkswagen with colluding to limit the introduction of clean emissions technology, in the preliminary findings of an antitrust investigation.

The car manufacturers have 10 weeks to respond and could face fines of billions of euros – up to 10% of their global annual turnover – if their explanations are rejected. read more »

A Bad Software Update Could Cause Hyundai Veloster Engine Fires

According to official government documents, all of the Velosters in question were built in South Korea from April 26, 2012 to October 16, 2013. The concern is that these vehicles’ engines could ignite because of faulty software. This past January, Hyundai reviewed the engine manufacturing and design change history, including updates to the engine management software, following complaints of non-crash fires in some of its vehicles. read more »

BMW Warns of Over $1.1 Billion Charge Related to Antitrust Claim

BMW AG said it’s likely to take a charge exceeding 1 billion euros ($1.1 billion) related to the European Union’s investigation into German automakers allegedly colluding to delay the rollout of cleaner-emission cars. read more »