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Google Fined $1 Billion Under EU's Digital Markets Act for Preferential Treatment

Google has been fined $1 billion by the EU for violating the Digital Markets Act by giving preferential treatment to its own services in search results. This marks a significant regulatory action against Big Tech in Europe.

INDUSTRY

Hyundai's Profit Drops 21% Due to US Tariffs and Supply Chain Issues, Acquires Boston Dynamics Stake

3 hours ago · Nikkei Asia

INDUSTRY

Geely and Ford Join Forces to Revive Underutilized Spanish Auto Plant

Geely and Ford have signed a joint venture agreement to revitalize Ford's underused factory in Spain, aiming for a production output of 500,000 units. This collaboration underscores the increasing dependence on Asian technology and investment in the automotive sector.

3 hours ago·Nikkei Asia

INDUSTRY

Mitsui Proposes $3.8 Billion Buyout of Penske Automotive Group to Showcase Long-Term Investment Strategy

Mitsui & Co. aims to take Penske Automotive Group private in a $3.8 billion deal, emphasizing a long-term investment approach over private equity strategies. This move highlights Mitsui's commitment to the automotive sector.

3 hours ago·Nikkei Asia