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The South Korean Fair Trade Commission (KFTC) fined a group of German automakers US$33.48 million for collusion. As reported by Ukrinform, this was reported by Reuters. According to
As reported by Ukrinform, this was reported by Reuters.
According to the KFTC, Mercedes-Benz, BMW and Audi have all been exposed in a conspiracy that reduces competition in the South Korean auto market and limits consumer choice.
The plot itself is about limiting the use of emissions cleaning technology for diesel cars.
Mercedes-Benz was fined 20.7 billion won ($16.5 million), BMW 15.7 billion won ($12.5 million) and Audi 6 billion won (about $5 million).
Last year, Mercedes-Benz and its Korean unit were fined 20.2 billion won ($16 million) for false advertisements about diesel passenger car emissions.
As reported by Ukrinform, in 2020 the South Korean Ministry of Environmental Protection fined the South Korean division of German automaker Mercedes-Benz US$63.4 million for falsifying data on emissions from diesel cars.
Source: Ukrinform
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