Economy News

EU fines BMW and Volkswagen Group €875 million

BMW and the Volkswagen Group were fined EUR 875 million ($1 billion) by the EU Commission for hindering competition on emissions control systems for new diesel cars. BMW was fined 372.8 million euros and Volkswagen Group (Volkswagen, Audi, Porsche) 502.4 million euros. Also targeted, Daimler was finally exempted from fines. Margrethe Vestager, executive vice president […]