BMW and Volkswagen got fines, Daimler got critics


The European Commission has fined BMW and Volkswagen Group a total of € 875 million for breaching European rules in their cooperation in developing technology to bring emissions from new diesel cars within the legal standard. This was reported by Brussels on Thursday morning.

“The five car manufacturers Daimler, BMW, Volkswagen, Audi and Porsche had the technology to reduce harmful emissions beyond what is legally required by EU emission standards,” said European Commissioner Margrethe Vestager on Thursday.

However, they decided not to compete with each other and to use the full potential of the technology. “Today’s decision is therefore about how permitted technical cooperation went wrong.”

Daimler was also criticized, but was not fined for bringing the case to light by the car manufacturer.

All parties acknowledged their role in the cartel and agreed to the settlement. Volkswagen pays more than 502 million euros and BMW almost 373 million euros.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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