BMW and Volkswagen Hit With $1 Billion USD Fine For Purposely Limiting Emissions Reduction Technology

The two allegedly agreed not to compete in the area, preventing innovation.

Automotive
5,644 Hypes 7 Comments

German automotive giants Volkswagen and BMW have been slapped with a €875 million EUR (approx. $1 billion USD) fine by the European Union over alleged misconduct in relation to its emissions reduction technology.

According to reports, the two automakers allegedly colluded with Daimler — which ultimately became the whistleblower — in order to avoid competitive practices in the area of reducing diesel engines’ nitrogen oxide emissions, resulting in stunted innovation and development of those technologies. Discussions between the three companies were held between 2009 and 2014, whereby they agreed not to compete on AdBlue urea injection technology, agreeing on various details including average consumption, ranges and tank sizes as well as “sensitive” technical data.

Following an investigation from the European Commission, all three companies agreed to settle, with Daimler coming forward initially in order to avoid a $861.5 million USD fine just on its own. Despite the settlement, Volkswagen has expressed consideration in possibly filing appealing the decision, arguing not only that the courts are setting a dangerous precedent but also that the agreements between the three automakers had never actually been implemented, and therefore customers were never adversely affected.

Elsewhere in the automotive industry, Lotus has announced a new partnership with KEF.

Read Full Article

What to Read Next

Tesla Hits $1 Billion USD in Quarterly Profit and Louis Vuitton Is Releasing NFTs in This Week’s Business and Crypto Roundup
Tech 

Tesla Hits $1 Billion USD in Quarterly Profit and Louis Vuitton Is Releasing NFTs in This Week’s Business and Crypto Roundup

While bitcoin topped $40,000 USD.

BMW 750iL Tupac Shakur Was Shot in Hits Auction for $1.75 Million USD
Automotive

BMW 750iL Tupac Shakur Was Shot in Hits Auction for $1.75 Million USD

With the vehicle “completely restored to the condition it was in before his death.”

Daimler Fined Nearly $1 Billion USD For Rigging Diesel Emissions
Automotive

Daimler Fined Nearly $1 Billion USD For Rigging Diesel Emissions

The car maker won’t appeal the ruling.


BMW Drops Limited Edition Makeovers for the i3 and i8 PHEVs
Automotive

BMW Drops Limited Edition Makeovers for the i3 and i8 PHEVs

The i3 Edition RoadStyle and i8 Ultimate Sophisto Edition.

Stream the 'Space Jam: A New Legacy' Soundtrack
Music

Stream the 'Space Jam: A New Legacy' Soundtrack

Featuring SZA, Lil Tecca, Aminé, Brockhampton, and more.

Best New Tracks: Post Malone, Bas x J. Cole x Lil Tjay and More
Music 

Best New Tracks: Post Malone, Bas x J. Cole x Lil Tjay and More

10 music projects to dive into this weekend.

LeBron James Is on Track To Become a Billionaire by End of 2021
Sports

LeBron James Is on Track To Become a Billionaire by End of 2021

The King has been the NBA’s top-earning player for seven consecutive years.

ADER error Taps Helinox For Outdoors-Inspired Capsule
Fashion

ADER error Taps Helinox For Outdoors-Inspired Capsule

A blend of signature designs, on tried-and-tested product.

Lotus Taps KEF to Equip Its Supercars With Premium Audio Experiences
Automotive

Lotus Taps KEF to Equip Its Supercars With Premium Audio Experiences

Their partnership starts with the Lotus Emira.


KAWS and Pake Connect for a Multipurpose Zip Bag Capsule
Design

KAWS and Pake Connect for a Multipurpose Zip Bag Capsule

Water, dust, and scent-proof containers with UV protection.

Square is Making a Hardware Wallet for Bitcoin
Tech

Square is Making a Hardware Wallet for Bitcoin

“#Bitcoin.”

A Canadian Biotech Company is Developing Edible Vaccine Strips
Tech

A Canadian Biotech Company is Developing Edible Vaccine Strips

Future vaccine boosters may be ingestible.

OutKast Celebrates Silver Anniversary of 'ATLiens' With 25th Anniversary Deluxe Edition
Music

OutKast Celebrates Silver Anniversary of 'ATLiens' With 25th Anniversary Deluxe Edition

Dropping August 2021.

Conor McGregor Discusses Possibility of Fighting Logan and Jake Paul
Sports

Conor McGregor Discusses Possibility of Fighting Logan and Jake Paul

Calling the two “dingbats.”

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.