BMW, VW, Audi and Porsche fined 875 million on the dieselgate. Daimler excluded because “He sang”
The European Commission said Thursday that three German carmakers violated EU antitrust rules by limiting competition in the field of diesel engine pollution imitation and therefore fined BMW and Volkswagen Group for 875 million euros. Daimler, despite being part of the cartel, was excluded from the sanction as it would reveal the deal.
“The five car manufacturers Daimler, BMW, Volkswagen, Audi and Porsche possessed the technology to reduce harmful emissions beyond what is required by law under EU emission standards. But they avoided competing to use the full potential of this technology to clean better than required by law, ”European Union Antitrust Chief Margrethe Vestager said in a statement.
“So today's decision is about how legitimate technical cooperation has gone wrong. And we do not tolerate that companies collude ”.
Another blow, yet another, above all to the prestige of the German car industry whose technical superiority turned out to be, in the end, the result of half a scam. This is just the umpteenth sanction linked to the dieselgate scandal, started by the US tests in 2014 and which is now heading towards its painful ending. The figure of 875 million is not very high, also because the VW group, between fines and recall costs, has already suffered a sanction with a total cost of 13 billion dollars, more than 10 billion euros, including the cost of recall and adaptation of all non-compliant vehicles in circulation. Compared to this, the commission's sanction is little more than a flip, as expected given the power of the German industrial lobbies in Brussels.
Thanks to our Telegram channel you can stay updated on the publication of new articles of Economic Scenarios.
The article BMW, VW, Audi and Porsche fined 875 million on the dieselgate. Daimler excluded because "He sang" comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/bmw-vw-audi-e-porsche-multati-per-875-milioni-sul-dieselgate-esclusa-daimler-perche-ha-cantato/ on Thu, 08 Jul 2021 10:36:46 +0000.