The European Commission has fined 15 car manufacturers and the European Automobiles Manufacturers’ Association a total of EUR 458M for “participating in a long-lasting cartel concerning end-of-life vehicle recycling.” Mercedes-Benz (MGBYY) was not fined, as it revealed the cartel to the Commission under the leniency programmed. All companies admitted their involvement in the cartel and agreed to settle the case, according to the EU. The companies fined include Ford (F), Stellantis (STLA), Honda (HMC), General Motors (GM), Toyota (TM), Mazda Motor (MZDAY), and BMW (BMWYY).
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