EU fines BMW and Volkswagen Group €875m over emission cleaning | Malay Mail

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BRUSSELS, July 8 — The European Commission said today three German carmakers breached EU antitrust rules by restricting competition in emission cleaning for new passenger diesel cars, fining BMW and Volkswagen Group a total of €875 million (RM4.1 billion). The EU executive said the trio had...

BRUSSELS, July 8 — The European Commission said today three German carmakers breached EU antitrust rules by restricting competition in emission cleaning for new passenger diesel cars, fining BMW and Volkswagen Group a total of €875 million .

“The five car manufacturers Daimler, BMW, Volkswagen, Audi and Porsche possessed the technology to reduce harmful emissions beyond what was legally required under EU emission standards. But they avoided to compete on using this technology’s full potential to clean better than what is required by law,” said EU antitrust chief Margrethe Vestager.

Volkswagen said it was considering whether to take legal action against the fine, saying the penalty over technical talks about emissions technology with other carmakers set a questionable precedent. “Furthermore, it is imposing fines, although the content of the talks was never implemented and no customers suffered any harm as a result,” Volkswagen added in a statement.

 

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