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Exclusive - EIB asks French diesel inquiry to probe Renault's use of loans


PARIS The European Investment Bank has asked French investigators to find out whether 800 million euros (693 million pounds) of EU-backed loans to Renault could have been used to develop test-cheating diesel engines, according to documents seen by Reuters.


German environmental lobby sues motor authority over VW scandal 24 Mar 2017

HAMBURG/BERLIN German environmental group Deutsche Umwelthilfe (DUH) has filed a suit against German motor authority KBA, accusing it of failing to act robustly enough over Volkswagen's diesel emissions scandal.


BMW China venture's vehicle sales to rise 20 percent in 2017 24 Mar 2017

HONG KONG Sales for German automaker BMW AG's China venture are expected to rise at least 20 percent year-on-year in 2017, the premium automaker's local joint venture partner said on Friday.


China's Chery files trademark complaint against Mercedes over green car brand 24 Mar 2017

BEIJING Chinese automaker Chery Automobile Co Ltd [CHERY.UL] has filed a complaint with the country's trademark regulator over Mercedes-Benz's use of the "EQ" name for a line of green-energy vehicles, throwing up a potential road block for the Daimler AG unit in the world's largest electric car market.


VW finance arm makes record 2016 profit despite dieselgate 23 Mar 2017

FRANKFURT Volkswagen's finance division reported record earnings last year, despite the carmaker's emissions scandal, and held out the prospect of another strong result in 2017.

Toyota Industries buys Vanderlande for 1.2 billion euros 23 Mar 2017

AMSTERDAM Japan's Toyota Industries Corp said on Thursday it had agreed to buy privately-held Vanderlande Industries of the Netherlands, a maker of package and baggage handling equipment and software, for about 1.2 billion euros (1.04 billion pounds).


France not ruling out reducing Renault stake, but must be at right price - Sapin 23 Mar 2017

PARIS French finance minister Michel Sapin on Thursday did not rule out France reducing its stake in Renault , but added any sale would have to take place at the best possible market conditions.


Staff levels at BMW's Dutch Mini assembly plant to overtake UK's 22 Mar 2017

FRANKFURT BMW's X1 model will be built in the Netherlands, it said on Wednesday, boosting staff levels at Mini's contract manufacturer VDL Nedcar beyond those at the German carmaker's plant in Oxford, England, where the Mini hatch is made.


Fiat Chrysler shares fall after news of French emissions probe 22 Mar 2017

MILAN Shares in Fiat Chrysler fell as much as 4 percent on Wednesday, pushed lower by news that French prosecutors have opened a formal investigation into the carmaker over allegations that it cheated in diesel emission tests. | Video

Stuttgart prosecutor probes Daimler employees for potential fraud 22 Mar 2017

FRANKFURT The public prosecutor's office has launched an investigation against employees at German carmaker Daimler , on suspicion of fraud and misleading advertising, it said on Wednesday.

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