
Volkswagen Braces for Emissions Fine Amidst Ongoing Scandal
Volkswagen, one of the largest car manufacturers in the world, is facing the possibility of a hefty fine of up to 200 million euros as a consequence of an ongoing environmental scandal. German authorities are preparing sanctions in response to violations discovered during the development and sale of cars that do not meet modern emission standards. This fine adds further pressure to the company, which has already suffered significant reputational damage following the 2015 "Dieselgate" scandal related to manipulation of emission data.
Continue reading
FCA Faces $4 Million Fine for Emissions Violations
Fiat Chrysler Automobiles (FCA), now part of the Stellantis group, has recently faced serious consequences for violating diesel engine emissions regulations. Following a multi-year investigation, FCA has been fined $4 million. This decision was made under an agreement reached with the U.S. Department of Justice and the Environmental Protection Agency (EPA).
Continue reading
Strategic Departure: Tavares Resigns as Stellantis CEO
Karlos Tavares, the acting CEO of the automotive manufacturer Stellantis, has announced his resignation. He made this decision after several years marked by significant transformations within the company. Tavares emphasized that his departure is an amicable step and is associated with the results of negotiations with European politicians, with whom he has been discussing the state of the automotive industry amidst changing policies and standards in Europe.
Continue reading