EU probes into emis­sion col­lu­sion

India Business Journal - - GLOBAL WRAP-UP -

EU an­titrust reg­u­la­tors are in­ves­ti­gat­ing whether BMW, Daim­ler and Volk­swa­gen col­luded to re­strict the roll­out of clean emis­sion tech­nol­ogy. Any wrong­do­ings de­tected by the probe could lead to hefty fines for the Ger­man car-mak­ers. The Euro­pean Com­mis­sion opened an in-depth in­ves­ti­ga­tion last month into the mat­ter. The EU has said that the "cir­cle of five" - BMW, Daim­ler and Volk­swa­gen Group's Volk­swa­gen, Audi and Porsche - held meet­ings where they may have col­luded to limit the de­vel­op­ment and roll-out of cer­tain emis­sion con­trol sys­tems for cars sold in Europe.

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