The auto giants – Volkswagen and BMW – were fined for colluding on the development of anti-pollution technology for diesel cars.
Brussels:
The European Union (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.