EU fines VW, BMW €875M in antitrust case

Thursday, 08. July 2021 11:14

BMW Group announced on Thursday that the European Commission dropped most of its charges of antitrust violations, and the two sides agreed to a settlement resulting in a fine of €372.8 million. The automaker said the Commission concluded "there is no indication of collusion between the parties relating to the use of prohibited defeat devices to manipulate exhaust gas tests," stressing "there has never been any allegation of unlawful manipulation of emission control systems by the BMW Group."

However, the Commission stated Daimler, BMW and Volkswagen group "breached EU antitrust rules by colluding on technical development in the area of nitrogen oxide cleaning," deciding to fine Volkswagen €502.3 million, while Daimler was not fined "as it revealed the existence of the cartel to the Commission." Executive Vice-President of the Commission Margrethe Vestager stated the European Union "does not tolerate it when companies collude. It is illegal under EU antitrust rules. Competition and innovation on managing car pollution are essential for Europe to meet our ambitious Green Deal objectives. And this decision shows that we will not hesitate to take action against all forms of cartel conduct putting in jeopardy this goal."

Related Links: BMW AG
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