EU regulators charge BMW Daimler VW with colluding against emissions tech

first_img More From Roadshow Share your voice 2016 Chevy Colorado diesel: A 7,700-pound hauler, 30-plus mpg runabout Post a comment 0 2019 Porsche 911 Speedster first drive: Superb sensations 2020 Porsche 911 Carrera S: The complete package Car Industry Diesel Cars BMW Volkswagen Mercedes-Benz Tags In 2017, the European Union’s antitrust regulators headed to the offices of BMW, Daimler and members of the Volkswagen Group to investigate allegations that the automakers colluded against improving their vehicles’ emissions. The European Commission on Friday announced that it sent a Statement of Objections to BMW, Daimler and Volkswagen for allegedly colluding to restrict competition and artificially delay the development of emission-reducing car technology. “Companies can cooperate in many ways to improve the quality of their products. However, EU competition rules do not allow them to collude on exactly the opposite: not to improve their products, not to compete on quality,” said Margrethe Vestager, member of the European Commission in charge of competition policy, in a statement. “We are concerned that this is what happened in this case and that Daimler, VW and BMW may have broken EU competition rules. As a result, European consumers may have been denied the opportunity to buy cars with the best available technology.”Enlarge ImageThis isn’t just about diesels, but they’re in here, too. SOPA Images/Getty Images According to the Commission’s press release, the group is concerned that collusion occurred with regards to two different emissions-reductions systems. On the diesel side, the group alleges that the automakers “coordinated their AdBlue dosing strategies, AdBlue tank size and refill ranges between 2006 and 2014 with the common understanding that they thereby limited AdBlue-consumption and exhaust gas cleaning effectiveness.” Gas-powered cars didn’t escape the conversation, either. While selective catalytic reduction (urea/AdBlue injection) doesn’t exist for gas engines, there are particulate filters that can help reduce tailpipe emissions. In this case, the Commission believes that “BMW, Daimler and VW coordinated to avoid, or at least to delay, the introduction of [‘Otto’ particulate filters] in their new (direct injection) petrol passenger car models between 2009 and 2014, and to remove uncertainty about their future market conduct.”In an emailed statement, a Daimler spokesperson said that the automaker is cooperating with the European Commission and would not comment further on this ongoing case. Volkswagen said it will continue to cooperate with the Commission, as well. BMW did not immediately return Roadshow’s requests for comment.The Commission noted in its release that, while this doesn’t rise to the level of price fixing, it’s still a potential violation of EU competition guidelines. That said, this Statement of Objections isn’t a binding determination of any kind — automakers will still get to present their cases to the Commission — but if fines are levied, they could amount to 10 percent of the automakers’ global revenue, totaling billions of dollars.last_img read more

Gujarat Polices allwomen team nabs notorious criminal Jusab Allahrakha Sandh

first_imgGujarat all woman ATS nabbed gangster Jusab Allahrakha SandhtwitterFour woman officers of Gujarat Anti-Terrorist Squad (ATS) nabbed notorious criminal and gangster Jusab Allahrakha Sandh in a pre-dawn operation at a forest in Botad district on Sunday.Jusab was wanted in more than 23 cases ranging from robbery to extortion and murder. He has been on the run for nearly a year after he jumped parole in June 2018. The ATS team consisting of four woman Sub-Inspectors – Santok Odedara, Nitmika Gohil, Aruna Gameti and Shakuntala Mal – had carried out the operation to nab the notorious criminal from the deep jungles of Botad.According to reports, the gangster had been holed up inside the jungle for the past several months. As it was getting hard for the local police to find him, they transferred the case to the ATS.”We had received a tip-off from an informant regarding the presence of Jusab in Botad forest, and a quick response team was immediately set up to nab him. However, Jusab was staying in a makeshift accommodation so deep inside the forest that no vehicles could reach there. We entered the forest on foot on Saturday night. Since the accused has been infamous for firing at police parties in the past as well, therefore we did not take any chance and waited for the sunrise. He was then nabbed from his hut,” said SI Santok Odedara, reports The Indian Express.Jusab was let off on parole to conduct the last rites of his wife after she died in June 2018. But he escaped and was absconding since then. He also killed a man during his run as retaliation for killing one of his associates.According to police, Jusab used to commit serious crimes and would head to the jungle to hide. He was very familiar with the jungle as he grew up there. When the ATS caught him, he had very minimal arrangements to look after himself. There was no electricity or mobile phone and his associates used to get food for him every day.last_img read more

Buy Sell Hold What stocks are analysts tracking on March 8

first_imgIndian pedestrians walk on Dalal Street – Trader’s Street – next to the Bombay Stock Exchange (BSE) in Mumbai on March 7, 2014.INDRANIL MUKHERJEE/AFP/Getty ImagesSGX Nifty, an early indicator of the Nifty 50’s trend in India, signals a weak start for the domestic markets after the benchmark Sensex declined 429 points or 1.27 percent to close at 33,317 on Tuesday.Here are some of the stock recommendations by analysts for Wednesday:1. Aegis LogisticsMotilal Oswal recommends ‘Buy’Target Price: Rs 303Current stock price: Rs 228About the company: Aegis Logistics distributes liquefied petroleum gas and provides logistics and terminalling services in the oil, gas and chemicals sectors. The company also manufactures and distributes oleochemicals and kerosene oil and provides chemical storage facilities.Stock Performance: The stock has jumped 13 percent in an year and has a P/E ratio of 63 times forward earnings. Aegis Logistics has a market capitalization of Rs 76 billion.2. DCB BankIndependent analyst Kunal Bothra recommends ‘Sell’Target Price: Rs 150Current stock price: Rs 157About the company: DCB Bank Limited is a full service commercial bank. The Bank offers consumer banking, commercial banking, and treasury operations.Stock Performance: The stock has edged up 2 percent in an year and has a P/E ratio of 20 times forward earnings. DCB Bank has a market capitalization of Rs 48 billion.3. State Bank of Indiamanasjaiswal.com recommends ‘Sell’Target Price: Rs 240Current stock price: Rs 246About the company: State Bank of India provides a wide range of banking and financial services to corporate, institutional, commercial, agricultural, industrial and individual customers throughout India. The bank also provides international banking to its Indian customers and has operations in other countries.Stock Performance: The stock has lost 9 percent in an year and has a market capitalization of Rs 2.1 trillion.4. Ashok LeylandAngel Broking recommends ‘Buy’Target Price: Rs 163Current stock price: Rs 141About the company: Ashok Leyland manufactures medium and heavy duty commercial vehicles, including buses, tractors, dumpsters, haulage trucks, fire engines, and defense sector vehicles. The Company also manufactures industrial & marine engines, ferrous castings and spare parts for automobiles. Ashok Leyland sells its products in India and abroad.Stock Performance: The stock has gained 57 percent in an year and has a P/E ratio of 26 times forward earnings. Ashok Leyland has a market capitalization of Rs 413 billion.5. Time TechnoplastINDSEC recommends ‘Buy’Target Price: Rs 224Current stock price: Rs 158About the company: Time Technoplast manufactures and sells technology based polymer products for a wide variety of industries.Stock Performance: The stock has gained 60 percent in an year and has a P/E ratio of 23 times forward earnings. Time Technoplast has a market capitalization of Rs 36 billion.Disclaimer: The recommendations provided by the research analysts are their own, and not that of the website or its management.last_img read more

Exclusive Nagarjuna reveals why it has become tougher for senior actors to

first_imgAkkineni NagarjunaTwitterNagarjuna Akkineni, ahead of the release of Manmadhudu 2, spoke to the media and is happy that after a long time, he has got to do a really good script, which is very much needed for him at this time of his career. Soon, Nagarjuna is going to turn 60 and this is something the actor doesn’t just accept at all. Because for him, age is just a number and he believes that he is very much young at heart. Manmadhudu 2 is directed by actor turned director Rahul Ravindran and it will hit the screens on August 9.In an exclusive interview, the actor talks about his upcoming plans, the need of scripts for senior heroes, working with debutant directors and a lot more.Most of the time, you work with directors who are either debutants or are just one film old. How do you identify their potential?I don’t know, it just happened (laughs). Yeah. In fact, I must say that’s what has made me a star. I have worked with many new directors. Could be Shiva or Geetanjali, things worked really well then. Sometimes, my decisions have been proved to be wrong too. So now, I am a bit more careful. But, I think I can identify their potential and this is all because of experience. Working with youngsters is definitely a good idea is what I believe. Rakul Preet Singh and Nagarjuna Manmadhudu 2TwitterThere are many young actors now, who are doing really well. So has it become tough for senior heroes to get good scripts?Yes. Very much. I can’t expect to keep doing love stories even now. Because it is the turn of my sons to do those kinds of films. So those roles will go to young actors who can do them really better. Thus it is tough for senior heroes to get roles and when we get experimental roles to do, we aren’t sure whether they will always work or not.There were days when you used to have a bunch of films to shoot. What about now? Like I already said, it is getting tougher to get roles. So I don’t have any new projects in my kitty except those which I have signed sometime back. I will begin working very soon for the sequel of Soggade Chinninayana and it is titled Bangarraju. That’s all in Telugu as of now. In case I get any more scripts and if I like, I might agree to do. Screenshots of the kiss scenes in Nagarjuna’s Manmadhudu 2.PR HandoutWill you continue doing romantic films after Manmadhudu 2?I am definitely not an idiot to do that. I don’t think even the audience can see me doing romance now, at this age. Romantic comedy films are not my cup of tea anymore. So I would be looking forward to doing something different from now on. Let’s see if I like any films which I would like to remake, then we will think and talk.Personally, what kind of films do you like to watch?I cannot watch films that are depressing or serious. A big no to those which can make me even feel like crying. In fact, when I find any of such films in suggestions or while searching for some other films, I just change the channel immediately. It is the same on Netflix or Amazon. I love to watch films that make me laugh. Even if I cry, it has to be out of joy only.last_img read more

Selfieseeking Thai tourist bitten by crocodile

first_imgThe incident took place on Sunday afternoon in Khao Yai, a popular national park filled with dense jungle hiking trails and waterfalls three hours north of Bangkok.“She wanted to take selfie with the crocodile who was lying down near a stream,” a park official told AFP, asking not to be named because he did not have the authority to speak to the media.“It was startled and bit her on her on the leg.”The official said two crocodiles had made their home on that particular section of the park for years with warning signs laid out.“I guess that she wanted to see it for real,” he added.Local media posted pictures of park rangers dressed in camouflage carrying the 47-year-old victim strapped to a stretcher, a thick bandage wrapped around her knee.Another shot showed a ranger pointing to a pool of blood close to a sign saying in Thai and English “Danger Crocodile No Swimming”.The victim was taken to hospital for treatment and is expected to recover.Siamese crocodiles were once ubiquitous across South East Asia but their populations have been decimated in the last century by hunting and habitat loss.They are currently listed as critically endangered on the IUCN’s red list.In Thailand there are just a handful of wild populations left in central and western national parks. A French tourist was bitten by a crocodile inside a Thai national park as she tried to get close to the fearsome animal to take a selfie, an official said on Monday. Most tourists will only see them in crocodile parks, many of which have been criticised by animal rights groups for controversial feeding practices.last_img read more

Month of Language Movement begins

first_imgMonth of Language Movement begins. Photo:BSSAs the month of the Language Movement begins today (Friday), the country’s people will pay tributes to the valiant sons of the soil who were killed during the Language Movement in February 1952, reports BSS.The Bengali nation achieved the dignity of their mother language on 21 February 1952 through the supreme sacrifice made by Salam, Shafiq, Barkat, Rafique and others during a massive movement.February is the month of mourning. Yet, it is a matter of dignity for the nation as only the Bangladeshis have sacrificed lives for their mother language.The Language Day — 21 February — is also recognised as the International Mother Language Day.A month-long book fair will also begin today. Prime minister Sheikh Hasina is expected to inaugurate the fair as the chief guest at Bangla Academy in the capital city at 3:00pm today.A two-day poetry festival titled ‘Bangalir Joy Kabitar Joy’ will also begin in the city today. Noted poet Asad Chowdhury will inaugurate the festival at Dhaka University central library.A total of 14 guest poets from nine countries will take part in the festival.last_img read more

Onedome to Open Unreal Garden Augmented Reality Art Exhibit in San Francisco

first_imgHowever, the goal of the company wasn’t to build its own dedicated AR sphere, but to host other artists in a new environment, said Onedome co-founder and chief marketing officer Leila Amirsadeghi. “We don’t want to be creators, we want to be curators.”The Unreal Garden is only a first step in Onedome’s plans for curated immersive art spaces. In December, the company plans to open a separate exhibition called LMNL in its San Francisco location, which will include 15 interactive installations in separate rooms. “There will be secret passages,” teased Amirsadeghi.And in the coming years, Onedome plans to open additional locations across the U.S. Amirsadeghi said that it won’t directly compete with other location-based immersive entertainment, including the location-based VR experiences that have been popping up in malls and movie theaters everywhere in recent months. “There is so much room for all of us,” she said. Popular on Variety ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15center_img San Francisco-based Onedome is unveiling a decidedly different take on location-based immersive entertainment in the Bay Area later this week: The company will open its very first augmented reality art exhibit to the public in downtown San Francisco this coming Friday.Dubbed “The Unreal Garden,” the exhibit lets consumers freely roam an enchanted world of plants, animals and digital art objects, brought to life with traditional projection technologies as well as Microsoft’s Hololens AR headset, combined behind the scenes with technology from HP.The exhibit includes a total of 10 art pieces from 9 artists, including Android Jones, John Park, Jasmine Pradissitto, Andy Thomas, Shuster + Moseley, Scott Musgrove, Werc, Ray Kallmeyer and Vladislav Solovjov. Onedome helped to digitize their artwork and port it to the Hololens. The company also worked to combine all of the individual pieces to a group experience, allowing visitors to work together to unlock special visual effects.last_img read more

Stop Looking at Your IT Department as a Cost Center

first_img Growing a business sometimes requires thinking outside the box. Register Now » Opinions expressed by Entrepreneur contributors are their own. In modern business, departments not directly related to operations have had to fight to demonstrate their value. Marketing departments have been the go-to scapegoat, but information technology (IT) departments haven’t been far behind. In a recent survey conducted by CIO magazine, half of IT leaders surveyed said their departments were seen primarily as “cost centers” — meaning they do not add to profits.Related: A Well-Trained IT Team: Your Company’s Secret Weapon (Infographic)But a reality check is needed here because a company’s IT department should be one of its major profit drivers. A 2016 Deloitte Growth Enterprise Services poll of 500 mid-market executives found that IT department leaders were responsible for 49 percent of technology adoption, compared to 36 percent a year earlier. In fact, IT departments are becoming more and more strategic, and technology is becoming a more reliable investment.Clearly, then, there’s a disconnect there: IT teams are playing a key role in moving businesses forward, but their department heads still claim they’re seen as a sieve in the budget.Yet, CIOs and IT departments play a much bigger role in business than they’re often given credit for, and that needs to change.More about that IT reality checkIf an attitude shift is in order, it’s executives and entrepreneurs who are in the most ideal position to bridge that gap and shift their (and their companies’) perspective, from viewing the IT function as a necessary evil to viewing these departments as innovation hubs.The purpose for doing that isn’t to give them a warm fuzzy feeling, because there’s actually a lot more at stake. In a world reliant on and connected by technology, IT is vital to operations. Lacking IT resources is the same as lacking the machinery or manpower necessary to produce a product or service. A company simply can’t function without it.And the “tech nerds in front of their computers all day” stereotype is exhausted and clichéd.CIOs and IT departments are really agents for change and innovation. They create new, more efficient processes and provide solutions to stagnant operations. Hiring or partnering with an IT team means you have people whose primary focus is on innovation — and that’s essential in the hyper-competitive market accompanying today’s influx of entrepreneurs.Removing cost from the thought processRethinking your IT department gives these professionals room to demonstrate the kind of innovation they’re really capable of. Here’s how to start:1. Try to learn the basics of IT. Nothing will generate appreciation of your IT department faster than learning firsthand about these people’s jobs and the (seemingly endless) complexities they deal with daily. They may be more experienced and are being paid to be the experts, but even a rudimentary understanding of what IT encompasses will lead to a greater appreciation for the department.Fifth Third Bank CEO and President Greg Carmichael began his journey as the bank’s CIO, and he credits his time in that role for teaching him crucial problem-solving and multitasking abilities. “CEOs today have to solve multiple problems at once,” he says, “and they need to understand disruptive technologies and how they apply to their current businesses. I am a stronger CEO as a result of my time as a CIO.”If you’re looking to dip your toes into the tech world, Lynda.com is a great resource for learning about IT. Many universities also offer relatively cheap courses on IT-related subjects, but another option is to simply ask your IT department questions about what they do and how they think they can improve things.They’re often eager to talk about their work and will appreciate the interest.2. Integrate IT into your company — not only strategically, but physically. Too often, the IT department is relegated to some back room, hidden out of sight. Physically integrating it with the rest of the company by moving IT’s offices and workspaces to a more central location will allow you and your other employees to see IT’s contributions to your operations up close.Walmart is making just such a change to its technology division, merging corporate IT with its technology groups responsible for ecommerce development. Part of the motivation stems from an initiative to quickly identify ways of combining physical and online shopping, to put IT in a position to contribute more directly to business growth.The phrase “out of sight, out of mind” is incredibly pertinent in this instance. The people whom employees interact with daily are those whose contributions they recognize in the company, largely because they see the actual product of the hours those people put in. When your IT department is in some dimly lit back room, it’s likely that the only interaction you have is when something is going wrong or you’re signing paychecks.Related: Rethink Your Office Design: Designing a More Effective Workspace3. Challenge your IT department with the strategies and objectives of the company. Most importantly, instead of tasking IT staffers only with menial assignments (such as setting up email accounts), challenge them to align your overall strategy with your business objectives.One such example of a successfully aligned IT department is at Southern Company, where CEO Tom Fanning — former CIO — transitioned the company’s IT practice from a cost center to a positive financial differentiator. Similarly, IT Labs, NASA’s Technology and Innovation Division, has created a process for integrating new information technologies that has made the division the incubator for several effective innovations that have required minimal investment.If you start seeing your IT staff as your “innovation team,” you’ll empower them to transform your company for the better. Proper utilization of your IT team will allow them to locate and eliminate internal inefficiencies, identify opportunities through the analysis of data, determine technology threats and opportunities in the industry and better manage your customers through CRM tools.Thinking of your IT department as a driver of business growth can only improve your company. Instead of focusing on its cost, look at the areas where it pays for itself, and then some. Increasing internal efficiency lowers costs and helps keep you competitive, and IT is a means for connecting you to potential clients in an increasingly technological world.Related: One Way to Reduce Inconvenience and Cost of Managing ITThe most successful companies are those that react more quickly and intelligently than the competition. Once you start rethinking the value your IT team offers, you’ll be one step closer to seating yourself at that table. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global 6 min read March 22, 2017last_img read more