Chip Shortage Forces Daimler and BMW to Slow Down Automated Production

global semiconductor shortage Demand is recovering strongly from the pandemic-induced downturn, interrupting production in the German auto industry. Automakers Daimler and BMW said this week that a lack of sawdust is forcing assembly lines to slow or halt, reducing production by tens of thousands of vehicles and leading to longer wait times for customers. The …

EU Fines Volkswagen and BMW Nearly $1 Billion for Emissions Secrecy

Germany’s three largest automakers have illegally cooperated to limit the effectiveness of their emissions technologies, resulting in higher levels of harmful diesel pollution, European antitrust officials said on Thursday. Volkswagen and the Porsche and Audi divisions must pay 500 million euros or 590 million euros, and BMW will pay 373 million euros or 442 million …