The European Union handed down US$1 billion (NZ$1.4 billion) in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems. It was the first time the European Commission imposed collusion fines on holding back the use of technical developments, not a more traditional practice like price fixing. Francisco Seco/AP The European Union has fined four major German car manufacturers one 1 billion US dollars in fines because they colluded to limit the development and roll-out of car emission control systems. The scandal cost Wolfsburg, Germany-based Volkswagen 30 billion euros (NZ$51 billion) in fines and civil settlements and led to the recall of millions of vehicles. The Volkswagen vehicles in the scandal did not use the urea tanks but relied on another pollution reduction technology.

Source: Stuff July 09, 2021 00:55 UTC