EU Slaps VW, BMW With 875-mn-euro Antitrust Fine
Sumaira FH Published July 08, 2021 | 02:50 PM
Brussels, July 8 (UrduPoint / Pakistan Point News - 8th Jul, 2021 ) :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.
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