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Chinese EV automaker BYD to build car factory in Hungary
Chinese EV automaker BYD to build car factory in Hungary
Economy
by  AFP

China's top electric automaker BYD will build a car factory in Hungary, the company said Friday, as it pushes forward with plans for expansion into Europe despite growing concerns around fair competition. BYD already has operations in Hungary, including an electric bus factory.

Cummins to pay $1.67 bn to settle engine emission control claims
Cummins to pay $1.67 bn to settle engine emission control claims
Economy
by  AFP

US engine maker Cummins Inc has agreed to pay $1.67 billion to settle claims it installed devices to defeat emissions controls in hundreds of thousands of pickup truck engines, the Justice Department said Friday. Defeat devices and auxiliary emission control devices were allegedly installed on nearly one million engines produced since 2013 for RAM pickup trucks, which are made by Stellantis.