"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-07-08T15:38:45Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/07/08/eu-fines-german-carmakers.cnnbusiness"
data-branding-key=""
data-video-slug="eu fines german carmakers"
data-first-publish-slug="eu fines german carmakers"
data-video-tags="air pollution,automakers and manufacturing,automotive industry,bmw,business and industry sectors,business, economy and trade,clare sebastian,companies,daimler ag,emissions,emissions cheating scandal,energy and environment,energy and utilities,environment and natural resources,european union,foreign automakers,government organizations - intl,misc people,pollution,scandals,technology,volkswagen ag"
data-details="">
Video Ad Feedback
EU fines German carmakers for colluding on emissions
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-07-08T15:38:45Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/07/08/eu-fines-german-carmakers.cnnbusiness"
data-branding-key=""
data-video-slug="eu fines german carmakers"
data-first-publish-slug="eu fines german carmakers"
data-video-tags="air pollution,automakers and manufacturing,automotive industry,bmw,business and industry sectors,business, economy and trade,clare sebastian,companies,daimler ag,emissions,emissions cheating scandal,energy and environment,energy and utilities,environment and natural resources,european union,foreign automakers,government organizations - intl,misc people,pollution,scandals,technology,volkswagen ag"
data-details="">
Video Ad Feedback
EU fines German carmakers for colluding on emissions
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-08-19T14:19:41Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/08/19/delorean-alpha5-prototype-electric-car-show-italdesign-monterey-orig.cnn-business"
data-branding-key=""
data-video-slug="DeLorean Alpha5 prototype electric car show Italdesign Monterey orig"
data-first-publish-slug="DeLorean Alpha5 prototype electric car show Italdesign Monterey orig"
data-video-tags="automakers and manufacturing,automotive industry,business and industry sectors,business, economy and trade,company activities and management,corporate branding,motor vehicles,product development,product innovation,product management"
data-details="">
Video Ad Feedback
DeLorean is back with its first prototype in 40 years
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-08-18T19:27:38Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/08/18/dodge-charger-daytona-ev-electric-muscle-car-fj-orig.cnn-business"
data-branding-key=""
data-video-slug="dodge charger daytona ev electric muscle car fj orig"
data-first-publish-slug="dodge charger daytona ev electric muscle car fj orig"
data-video-tags=""
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-08-19T19:44:07Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/08/19/lincoln-model-l100-concept-ev-orig-ht.cnn-business"
data-branding-key=""
data-video-slug="Lincoln Model L100 concept EV orig ht"
data-first-publish-slug="Lincoln Model L100 concept EV orig ht"
data-video-tags="alternative fuel vehicles,automakers and manufacturing,automotive fuels,automotive industry,automotive industry and environment,business and industry sectors,business, economy and trade,company activities and management,concept cars,consumer products,continents and regions,electric vehicles,leisure and lifestyle,lincoln,luxurious living,luxury goods,midwestern united states,motor vehicles,nebraska,north america,product development,product innovation,product management,self-driving cars,technology,the americas,united states"
data-details="">
Video Ad Feedback
Lincoln's new concept car replaces steering wheel with 'chess piece controller'
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-19T02:31:57Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/18/gm-chevrolet-blazer-ev-suv-orig-fj.cnn-business"
data-branding-key="innovate"
data-video-slug="GM Chevrolet Blazer EV SUV orig FJ"
data-first-publish-slug="GM Chevrolet Blazer EV SUV orig FJ"
data-video-tags="chevrolet,companies,general motors,technology"
data-details="">
Video Ad Feedback
Blazer EV brings Chevy into the crowded mid-size electric SUV market
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-23T15:53:26Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/23/lunaz-ceo-david-lorenz-intv-firstmove-intl-vpx.cnn"
data-branding-key=""
data-video-slug="lunaz ceo david lorenz intv firstmove intl vpx"
data-first-publish-slug="lunaz ceo david lorenz intv firstmove intl vpx"
data-video-tags="alternative fuel vehicles,automakers and manufacturing,automobile repair and maintenance,automotive fuels,automotive industry,automotive industry and environment,business and industry sectors,business, economy and trade,celebrities,classic cars and motorcycles,companies,electric power industry,electric vehicles,electricity production and distribution,energy and resources,energy and utilities,jaguar land rover automotive,julia chatterley,motor vehicles,utilities industry"
data-details="">
Video Ad Feedback
This is how much a restored Jaguar with electric power will cost you
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-30T13:13:17Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/10/lucid-air-dream-edition-electric-review-mc-orig.cnn-business"
data-branding-key=""
data-video-slug="lucid air dream edition electric review mc orig"
data-first-publish-slug="lucid air dream edition electric review mc orig"
data-video-tags="alternative fuel vehicles,automotive fuels,automotive industry,automotive industry and environment,business and industry sectors,business, economy and trade,companies,consumer products,electric vehicles,luxury goods,motor vehicles,tesla inc"
data-details="">
Video Ad Feedback
Tesla should be worried about this electric luxury car
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-26T22:48:14Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/26/ford-electric-pickup-truck-f150-bill-ford-qmb-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="ford electric pickup truck f150 bill ford qmb vpx"
data-first-publish-slug="ford electric pickup truck f150 bill ford qmb vpx"
data-video-tags="alternative fuel vehicles,automotive fuels,automotive industry,automotive industry and environment,bill ford,business and industry sectors,business executives,business figures,business, economy and trade,companies,electric vehicles,ford motor co,labor and employment,motor vehicles,pickup trucks,workers and professionals"
data-details="">
Video Ad Feedback
Bill Ford shares why Ford's electric F-150 Lightning pickup truck is significant
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-12T11:01:18Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/12/toyota-bzr4x-electric-suv-review-gr-orig.cnn"
data-branding-key=""
data-video-slug="toyota bzr4x electric suv review gr_orig"
data-first-publish-slug="toyota bzr4x electric suv review gr_orig"
data-video-tags="business, economy and trade,business and industry sectors,automotive industry,automotive industry and environment,alternative fuel vehicles,electric vehicles,companies,toyota motor corp,motor vehicles,sport utility vehicles"
data-details="">
Video Ad Feedback
Review: The electric Toyota BZR4X is perfectly fine
The European Commission has fined Volkswagen Group and BMW $1 billion for colluding with Daimler to hold back the development of technology that could have reduced harmful emissions from their vehicles.
In a statement on Thursday, the Commission said the three German carmakers, along with Volkswagen subsidiaries Audi and Porsche, breached EU antitrust rules by agreeing to avoid competing on technical development in the area of nitrogen oxide cleaning.
The charges relate to conduct that took place between 2009 and 2014, when the carmakers held “regular technical meetings” to discuss the development of technology that eliminates harmful nitrogen-oxide emissions from diesel passenger cars, according to the Commission.
“The five car manufacturers Daimler, BMW, Volkswagen, Audi and Porsche possessed the technology to reduce harmful emissions beyond what was legally required under EU emission standards. But they avoided to compete on using this technology’s full potential to clean better than what is required by law,” the EU Commission’s top antitrust official, Margrethe Vestager, said in the statement.
“In today’s world, polluting less is an important characteristic of any car. And this cartel aimed at restricting competition on this key competition parameter,” she added.
The BMW Group headquarters in Munich, Germany.
Peter Kneffel/picture alliance/Getty Images
Volkswagen
(VLKAF), including its Audi and Porsche brands, was fined €502 million ($595 million) and BMW was fined €373 million ($442 million). Daimler
(DDAIF) was not fined because it revealed the existence of the cartel, the Commission said.
Volkswagen said it was considering whether to appeal the ruling, which it suggested set a questionable precedent.
“The Commission is breaking new legal ground with this decision, because it is the first time it has prosecuted technical cooperation as an antitrust violation,” the company said in a statement. “It is also imposing fines even though the contents of the talks were never implemented and customers were therefore never harmed,” it added.
Europe’s largest automaker said that Commission guidelines on technical cooperation agreements between carmakers “no longer do justice to the complex challenges facing the automotive industry” and need to be updated.
In a statement, BMW said that the Commission had “dropped most of its charges of antitrust violations” and cleared the carmaker of suspicion of using “prohibited defeat devices” to cheat on emissions tests. “This underlines that there has never been any allegation of unlawful manipulation of emission control systems by the BMW Group,” the company added.
In 2015 Volkswagen admitted to rigging millions of diesel engines to make their emissions appear less toxic in tests than they actually were. The scandal set off years of investigations, fines and settlements that have cost the carmaker at least $39 billion and sullied its reputation.
Last month, Volkswagen’s former CEO Martin Winterkorn agreed to pay the company nearly $14 million after an investigation found he failed to respond properly to signs that the company may have been using illegal diesel engine technology.
— Robert North and Charles Riley contributed reporting.