Earlier this year BMW announced that it is under investigation for allegedly colluding with other German car makers, to trick emission tests in the EU. BMW has repeatedly said that there was nothing illegal going on and that their engines do not feature defeat devices that would somehow prompt the cars to behave differently on test benches than they do in real life scenarios. According to a new report, the company is sticking to its claims and will not be looking to cut a deal with the prosecutors in any way.
According to German magazine, WirtschaftsWoche, the BMW Group is determined to fight to prove its innocence to the end. Citing company sources, the publication claims BMW will be fighting this charge ‘with all legal means if necessary’. This goes to show the Germans are adamant about their claims and will not admit to any wrongdoing. In the same colluding charge, manufacturers Daimler, Volkswagen, Audi and Porsche are all charged as well.
Even so, while still fighting to prove its innocence, BMW has set aside a provision in case it will get a fine from the EU. The provision was announced earlier this year and is set at more than 1 billion euros ($1.1 billion) at the moment. This meant profits had to suffer this year but the company still has some of the best financial results in the industry up until this moment. Whether that will be enough or not remains to be seen.
We’re also quite far from a definitive decision in this case, with the case still in development. Whether BMW is found guilty or not and what it is found guilty of (be it colluding or for usage of defeat devices) the fine could very well be smaller or nonexistent as the Bavarians sure hope right now. After all, that money could very well be put to good use, to develop more tech for future EVs.
[Source: WirtschaftsWoche]
Good! Nor should they settle, this mess has been a governmental failure (German, Amerikuhn & elsewhere) from top to bottom, wasn’t Dieselgate discovered by independent American academics (guessing that was before the current administration, may they rest in pieces)? Dieselgate is a huge scam from a company with a history of huge scams, BMW implicated by “disgruntled former employee” of guilty party in a daily paper. If BMW are guilty, why have VAG been hiring their execs. to clean up the mess? Billion Euro potential collusion fine, good for the Quandts challenging this. Sorry to interrupt, the rest of you resume typing about grilles & hoodlines.
VAG are obviously guilty. The focus should be solely on them. Poor Porsche have been dragged into the mess by way of engine/parts sharing with Audi and VW.
Non german brands affected by the topic:
https://www.kba.de/DE/Marktueberwachung/Abgasthematik/uebersicht3.pdf?__blob=publicationFile&v=3
So, joke’s on you.
Joke is on anyone trying to read ur download.
Not my fault when you are unable to read the left column.^^
Nein danke.
Poor Porsche unsuccessfully tried to takeover VW a few years ago, bulk of their volume is rebadged VW SUV. They are co-dependents & wouldn’t exist had VAG not bought fwd. water-cooled Audi from Daimler half a century ago.
This is a different investigation and is unrelated to Dieselgate.
Is it a (hopefully failed) attempt to go after BMW because they couldn’t implicate them on Dieselgate? This will be interesting to follow since even more new VAG charges have been filed, including against former BMW exec. who probably wasn’t even on board when this happened.