BMW pays 373 million euro fine to settle European Union emissions probe

BMW said on Thursday it had agreed to a settlement proposed by the European Commission to end an antitrust investigation, saying it had been cleared of suspicion of using illegal ‘defeat devices’ to cheat emissions tests.

The carmaker said it had paid a 373 million euro ($441 million) fine over collusion on setting standards for the Adblue additive used in diesel cars, but other charges related to emissions technology were dropped.

“This underlines that there has never been any allegation of unlawful manipulation of emission control systems by the BMW Group,” the company said in a statement.

BMW said the Adblue talks took place 10 years ago and “had no influence whatsoever on the company’s product decisions”. ($1 = 0.8458 euros)

(Reporting by Alexander Huebner and Douglas Busvine; Editing by Riham Alkousaa)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor