German prosecutors said Monday they had fined high-end carmaker BMW 8.5 million euros ($9.6 million) over diesel cars with higher harmful emissions than allowed, while adding the infraction was down to error rather than deliberate fraud.
German carmakers Daimler and BMW said Wednesday they had won final approval to merge their car-sharing services Car2Go and DriveNow, paving the way for the creation of a European giant to challenge the likes of Uber.
BMW said it was contacting sellers who would in turn get in touch with owners of the affected vehicles to arrange a checkup.
South Africa is likely to adopt new plans for the country’s car industry in December which aim to increase the local content of assembled cars to 60 percent by 2035 from around 38 percent now, a cabinet minister said on Thursday.
Tesla Inc’s (TSLA.O) shares slumped 9% on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for “extreme torture” from short sellers.