8/7/2018 6:53:00 AM
Source: Business Insurance
Analysis by U.K.-based IHS Markit Ltd. found that the European Union could fine automakers, including Germany-based Daimler A.G., more than $16 billion if they fail to comply with upcoming emission rules, Bloomberg reported. Analysts at France-based research firm Exane BNP Paribas S.A. found that automakers Renault S.A. and Groupe PSA would likely face the highest fines for emission-related breaches. The new regulations are expected to be introduced in phases starting in 2020 and come into full effect in 2021.