BMW expects EU to cut $ 1 billion fine for emissions cartel


Law360 (May 24, 2021, 6:38 p.m. EDT) – The European Union’s competition watchdog should curb allegations against BMW AG over alleged collusion to keep emissions reduction technology off the market, according to an announcement released by the automaker. giant.

The German automaker, accused of coordinating on vehicle emissions technology with Volkswagen AG and Daimler AG for eight years, said in a press release Thursday that the European Commission “would significantly reduce its allegations against BMW AG in terms of of content and duration “. According to BMW, the advancement of EU proceedings suggests that the commission will also review a fine of 1.4 billion euros (around $ 1.7 billion) against the company, thus increasing projections …

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