UK's CMA Says Car Industry Settles Competition Law Case
ReutersApr 1, 2025 3:37 PM
April 1 (Reuters) - UK's CMA:
CAR INDUSTRY SETTLES COMPETITION LAW CASE
10 MANUFACTURERS & 2 TRADE BODIES AGREED TO PAY FINES TOTALLING OVER £77 MILLION
MERCEDES-BENZ, WHICH WAS ALSO INVOLVED IN THESE AGREEMENTS, IS EXEMPT FROM PAYING A FINANCIAL PENALTY
TWO TRADE ASSOCIATIONS, ACEA AND SMMT, WERE INVOLVED IN "ILLEGAL AGREEMENTS"
MANUFACTURERS INVOLVED IN CASE ARE BMW, FORD, JAGUAR LAND ROVER, PEUGEOT CITROEN, MITSUBISHI, NISSAN, RENAULT, TOYOTA, VAUXHALL, VOLKSWAGEN
MANUFACTURERS & INDUSTRY BODIES HAVE UNTIL 2 JUNE 2025 TO PAY THEIR FINES
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