EU charges German carmakers with blocking emissions cleaning technology
BRUSSELS - BMW, and Volkswagen face possible hefty fines after EU antitrust regulators on Friday charged the German carmakers and whistleblower Daimler with colluding to block the rollout of clean emissions technology.
It said the collusion occurred between 2006 to 2014 and took place during technical meetings held by the “circle of five”, namely BMW, Daimler and Volkswagen Group’s VW, Audi and Porsche. The EU focused on selective catalytic reduction systems, which reduce nitrogen oxides from diesel car emissions, and “Otto” particulate filters that reduce particulate matter emissions from petrol cars.
Daimler, which alerted the collusion to the regulator, reiterated it did not expect to be fined as a result of its information.BMW said the EU was trying to equate permissible coordination of industry positions regarding the regulatory framework with unlawful cartel deals.EU fines could go as high as 10 percent of a company’s global turnover. Volkswagen shares were trading down 0.8 percent in late session trading, Daimler was 0.6 percent lower, while BMW was up 0.
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