Daimler launches Tel Aviv hub for auto technology

Daimler has opened a research and development center in Tel Aviv, one of a growing number of multinational firms seeking to tap into Israel's auto technology expertise as the industry moves towards self-driving cars.

BMW, Mercedes, Porsche face fines over breach of S. Korea emissions rules

South Korea plans to impose a combined fine of 70.3 billion won ($63.1 million) on BMW, Mercedes and Porsche, citing violation of emissions rules.

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