Category: Trucking News

BMW rejects media reports of emissions manipulations

BMW rejects media reports of emissions manipulations

German carmaker BMW on Sunday rejected media reports that the emissions treatment systems in its vehicles do not work effectively and that it colluded with rivals on their design. Der Spiegel magazine reported on Friday that BMW, VW , Audi and Porsche may have colluded to fix the prices and designs of diesel emissions treatment systems and other vehicle parts. "Cars of the BMW Group are not being manipulated and are in line with the applicable legal requirements," BMW said in a statement.


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Oil markets need regulator in face of speculators – Eni CEO

Oil markets need regulator in face of speculators - Eni CEO

Energy markets might need to be regulated to put a brake on widespread financial speculation that is distorting crude prices, the head of Italian oil major Eni told Il Sole 24 Ore newspaper. Eni CEO Claudio Descalzi said OPEC and Saudi Arabia were not in a position to push prices higher by cutting output, adding that geopolitical tensions, growing U.S. shale oil production and heavy speculation in crude futures were hurting the sector.


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