BMW, Mercedes, VW fined 100 million euro for steel cartel
Germany's cartel authority said it was fining BMW, Volkswagen Group and Daimler a total of 100 million euros for unlawful actions in relation to steel purchases.
Germany's cartel authority said it was fining BMW, Volkswagen Group and Daimler a total of 100 million euros for unlawful actions in relation to steel purchases.
BMW is currently being investigated for potentiall violating diesel emissions regulations but the brand maintains its innocense and will fight claims.
BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, spending 1.4 billion euro on legal provision