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 …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (issues, filings, courts, nature of prosecutions, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS



Source link

Previous Here's why and how to prepare meals when working from home
Next Developing countries desperately need COVID-19 funding