May 18, 2024



EU fines German car makers €875 million for colluding on car emission control systems


July 8, 2021

The European Commission has slapped two of Germany’s largest carmakers – Volkswagen and BMW – with a fine of more than €875 million, accusing the companies of forming a cartel and illegally colluding to restrict competition in emission-cleaning technology for diesel cars.

The Volkswagen group, which includes Volkswagen, Audi and Porsche, agreed to pay €502,362,000, while BMW settled for €372,827,000.

Read more…