Economy News

Stellantis and Foxconn created a joint venture

The automotive group Stellantis and the Taiwanese electronics giant Foxconn announced Tuesday the creation of a joint venture specializing in the production of connected interiors, intended for all car manufacturers. The new company, called Mobile Drive, will be owned equally by the two groups and will focus on the design of “intelligent cockpits” to support
Economy News

EU fines BMW and Volkswagen Group €875 million

BMW and the Volkswagen Group were fined EUR 875 million ($1 billion) by the EU Commission for hindering competition on emissions control systems for new diesel cars. BMW was fined 372.8 million euros and Volkswagen Group (Volkswagen, Audi, Porsche) 502.4 million euros. Also targeted, Daimler was finally exempted from fines. Margrethe Vestager, executive vice president […]