EU antitrust regulators, which have drastically narrowed the scope of their case, are set to hand out sharply reduced fines to BMW and Volkswagen for hindering clean air technology, a person familiar with the matter said on Tuesday, May 25.
The European Commission, which charged the three German carmakers in 2019 with colluding to block the rollout of clean emissions technology, is likely to issue the penalties before the summer break, the person said.
The EU competition watchdog had stated previously that the case involved the “circle of five,” namely BMW, Daimler, and Volkswagen Group’s VW, Audi, and Porsche. Daimler will dodge a possible fine as it alerted the wrongdoing to the Commission.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI