The EU has fined carmakers € 875 million for diesel emissions


The European Commission has fined BMW and Volkswagen 875 million euros for violating EU antitrust rules by colluding to prevent the deployment of clean emissions technology.

Daimler, which was also part of the cartel, escaped a fine because the German carmaker revealed the group’s existence, the commission said in a statement Thursday.

All companies, including Audi and Porsche that are part of the Volkswagen group, have acknowledged their participation in the cartel and have agreed to resolve the case, the EU executive body said.


“The five carmakers Daimler, BMW, Volkswagen, Audi and Porsche have the technology to reduce harmful emissions beyond what was legally required by EU emissions standards,” said Margrethe Vestager, executive vice president of the EU in charge of competition policy.

“So today’s decision is about how legitimate technical cooperation has gone wrong,” he said. “And we won’t tolerate it when companies collude.” It’s illegal under EU antitrust rules. “

Source link


Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button