BRUSSELS - The EU's antitrust authority on Thursday fined German auto giants Volkswagen and BMW €875 million for colluding on the development of anti-pollution technology for diesel cars.
The case found that while the car giants had not formed a formal cartel, they had made illegal agreements to limit the introduction of "AdBlue" or urea to diesel engine exhaust gases, reducing its effectiveness as a way to produce cleaner emissions."Today's case is about how legitimate cooperation has gone wrong.
Volkswagen's admission to manipulating 11 million vehicles worldwide to appear less polluting unleashed a wave of anger at the auto industry, and Brussels launched an in-depth cartel investigation into the three companies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: