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
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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
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