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BMW, VW fined $1 billion for emissions technology cartel



The European Union has fined German automakers BMW AG and Volkswagen AG €875 million ($1.04 billion) for breaching antitrust rules on emissions, The Guardian reported. BMW, Volkswagen along with its brands Audi and Porsche, and Daimler AG were found to have colluded on delaying the development of emissions-cleaning technology.

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