EU fines BMW, Ford, VW other carmakers $495m for recycling cartel

The European Commission on Tuesday fined 15 major carmakers and an industry group a total of about 458 million euros ($495 million) for taking part in a cartel over vehicle recycling. Manufacturers, including BMW, Ford, Jeep maker Stellantis and Volkswagen, entered into anti-competitive agreements to avoid paying car dismantlers and lower consumer pressure to recycle

Read More

Read More

Check Also

NPFL: Enyimba ready for oriental showdown with Abia Warriors

Enyimba midfielder Kalu Nweke is anticipating a challenging oriental derby against Abia Warriors. The nine-time …

Leave a Reply

Your email address will not be published. Required fields are marked *