By Imran Khan • 09 February 2023 • 9:11
Mercedes, Audi, BMW fined worth $33.48 million for rigging emissions of diesel cars. Image: Shutterstock.com/BuiBa
The anti-trust regulator in South Korea announced on Thursday, February 9, that a combined fine of 42.3 billion won (E31.18million) will be imposed by them on three German automotive companies for “colluding to rig emissions of its diesel cars using software”:
A statement released by the Korea Fair Trade Commission said, “Mercedes-Benz, BMW, Volkswagen, and Audi were involved in collusion that reduced competition and restricted consumer choice”, as cited by Reuters.
The regulator also said, “Mercedes-Benz was fined 20.7 billion won, BMW 15.7 billion won and Audi 6 billion won”.
The commission decided not to fine Volkswagen, as it says the company did not “earn revenue relevant to the issue”.
In 2022, following a false advertisement related to gas emission norms on diesel cars made by Mercedez-Benz in South Korea, a fine was imposed for 20.2 billion won on the company and its local unit in the country.
The European Union had also fined BMW and Volkswagen for an amount of €875 million and said the companies were “colluding to curb the use of emissions cleaning technology they had developed”.
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