EU watchdogs fine OEMs €458m for recycling cartel
The EU’s antitrust watchdog has fined 15 major automakers, alongside the European Automobiles Manufacturers’ Association (ACEA) for a cumulative €458m (US$494m) for participating in a years-long vehicle recycling cartel. Automakers including Volkswagen, Stellantis, BMW and Toyota were found to be coordinating their position on how recyclable their vehicles were and subsequently refusing to pay car dismantlers.
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Originally posted on: https://www.automotiveworld.com/news/eu-watchdogs-fine-oems-e458m-for-recycling-cartel/