Following an investigation by the Competition and Markets Authority, 10 manufacturers and two trade bodies have admitted their involvement in the illegal behavior and agreed to pay fines totaling over EUR 77M, the CMA announced. Mercedes-Benz, which was also involved in these agreements, is exempt from paying a financial penalty as it alerted the CMA to its participation via the authority’s leniency policy, the CMA stated. The European Commission launched a parallel probe alongside the CMA in March 2022. The EC has issued its own decision imposing fines for breaches of EU law, the CMA noted. Ten manufacturers – BMW (BMWYY), Ford (F), Jaguar Land Rover, Peugeot Citroen, Mitsubishi, Nissan (NSANY), Renault, Toyota (TM), Vauxhall and Volkswagen (VWAGY) – and two trade bodies have been fined a total of EUR 77,688,917.
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