American energy giant Exxon Mobil on Thursday sold part of its controversial stake in a massive Iraqi oilfield to PetroChina and Indonesia’s Pertamina amid a long-running row with Baghdad.
Daily Archives: November 29, 2013
Toyo Tire to pay $120 million for price fixing
Japan’s Toyo Tire & Rubber Co. has agreed to plead guilty to U.S. price-fixing charges and pay a $120 million criminal fine for its role in conspiracies involving auto parts, the Justice Department said.
Mexico’s Booming Car Industry Selling Unsafe Cars
In Mexico’s booming auto industry, the cars rolling off assembly lines may look identical, but how safe they are depends on where they’re headed.
BMW i3 fails to earn EuroNCAP’s top safety rating
BMW’s electric i3 has scored four out of a possible five stars in a EuroNCAP safety test after faring poorly in the pedestrian protection and safety assistance systems categories.
EU agrees on CO2 emissions limits compromise
The European Union has agreed on a compromise to enforce stricter rules on CO2 emissions for cars sold in the region, ending months of wrangling after Germany insisted that an earlier deal be discarded.
