EU slaps VW BMW with 875m euro antitrust fine

EU slaps VW BMW with 875m euro antitrust fine
EU slaps VW BMW with 875m euro antitrust fine

BRUSSELS: The EU”s antitrust authority on Thursday fined German auto giants Volkswagen and BMW 875 million euros for colluding on the development of anti-pollution technology for diesel cars. “Today”s decision is about how legitimate technical cooperation went wrong,” EU competition chief Margrethe Vestager said in a statement. Germany”s Daimler was spared a fine for cooperating in the investigation.

EU slaps VW BMW with 875m euro antitrust fine
EU slaps VW BMW with 875m euro antitrust fine