E.U. fines 4 German car makers $1 billion over emission collusion
The Hindu
Daimler, BMW, VW, Audi and Porsche avoided competing on technology to restrict pollution from gasoline and diesel passenger cars, the European Commission said.
The European Union on Thursday handed down $1 billion in fines to four major German car manufacturers, saying they colluded to limit the development and rollout of car emission control systems. Daimler, BMW, VW, Audi and Porsche avoided competing on technology to restrict pollution from gasoline and diesel passenger cars, the European Commission said. Daimler wasn't fined after it revealed the cartel to the European Commission.
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