financetom
Business
financetom
/
Business
/
Update: Tesla, Stellantis, Volkswagen, BYD Under Probe by Italian Regulator Over EV Claims
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Tesla, Stellantis, Volkswagen, BYD Under Probe by Italian Regulator Over EV Claims
Feb 24, 2025 1:54 AM

04:36 AM EST, 02/24/2025 (MT Newswires) -- (Updates with attribution to the Italian regulator's statement throughout the story.)

Tesla (TSLA), Stellantis ( STLA ) , Volkswagen, and BYD are under investigation by Italy's antitrust agency for misleading buyers on battery capabilities of their electric vehicles, the Italian Competition Authority said Friday.

The inquiries focus on potentially unfair commercial practices regarding EV driving range, battery capacity degradation, and limitations on battery-related warranties, according to the statement.

Inspections were conducted at the Italian offices of all the automakers Thursday, with support from Italy's financial crimes police, the regulator said.

Tesla, Stellantis ( STLA ), Volkswagen, and BYD did not respond to MT Newswires' requests for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
RxSight Insider Sold Shares Worth $328,164, According to a Recent SEC Filing
RxSight Insider Sold Shares Worth $328,164, According to a Recent SEC Filing
Sep 28, 2024
08:53 AM EDT, 09/24/2024 (MT Newswires) -- Ilya Goldshleger, Co-President and Chief Operating Officer, around September 20, 2024, sold 6,200 shares in RxSight ( RXST ) for $328,164. Following the Form 4 filing with the SEC, Goldshleger has control over a total of 43,618 shares of the company, with 42,246 shares held directly and 1,372 shares controlled indirectly. SEC Filing:...
Electra Battery Materials Says Recycling Program Is Producing Battery-Grade Lithium Carbonate
Electra Battery Materials Says Recycling Program Is Producing Battery-Grade Lithium Carbonate
Sep 28, 2024
08:40 AM EDT, 09/24/2024 (MT Newswires) -- Electra Battery Materials ( ELBM ) on Tuesday said its battery recycling program successfully produced 99% pure lithium carbonate, a development it said may be a North American first. The company said it refined the lithium carbonate from the black mass of shredded lithium ion batteries sent for recycling and contains metals that...
BlackRock, Vestmark Partner to Augment Custom Model Portfolio Services
BlackRock, Vestmark Partner to Augment Custom Model Portfolio Services
Sep 28, 2024
08:58 AM EDT, 09/24/2024 (MT Newswires) -- BlackRock ( BLK ) has signed a commercial partnership deal with wealth management software and services provider Vestmark, the latter said Tuesday. Financial terms were not disclosed. Vestmark said the partnership is intended to augment custom model portfolio services for registered investment advisors, allowing them to provide investment offerings that are personalized for...
Primaris REIT Targets 96% In-Place Occupancy, More Than $1 Billion in Acquisitions Over Next Three Years
Primaris REIT Targets 96% In-Place Occupancy, More Than $1 Billion in Acquisitions Over Next Three Years
Sep 28, 2024
08:32 AM EDT, 09/24/2024 (MT Newswires) -- Primaris Real Estate Investment Trust (PMZ-UN.TO) on Tuesday said it plans to achieve 96% in-place occupancy and annual same properties cash net operating income growth of 3-4% over the next three years. During the period, Primaris is targeting more than $1 billion in acquisitions and over $500 million in asset sales. The company...
Copyright 2023-2026 - www.financetom.com All Rights Reserved