EU fines big carmakers €458M for green cartel

Almost all major car manufacturers from BMW to Opel participated.

Mercedes wants to save thousands of jobs – and pay numerous executives severance payments of some more than 500,000 euros. Labor law expert Stefan Nägele warns of a premature departure.

Fifteen automakers, including Renault, Stellantis, Ford, Volkswagen, and the European Automobile Manufacturers' Association (ACEA), were fined 458 million euros by the European Commission on Tuesday for participating in a cartel to recycle end-of-life vehicles, Reuters reports.Recycling of end-of-life vehicles occurs when cars are dismantled and processed. for recycling and disposal as they are no longer fit for use.Cartel operations were carrie…

EU fines carmakers €458M for end-of-life vehicle recycling cartel

Mercedes-Benz escapes penalty after revealing 15-year scheme; Volkswagen hit hardest - Anadolu Ajansı

On Tuesday, 1 April, the European Commission announced that it had imposed a total of EUR 458 million fine on 15 European manufacturers for participation in an agreement on the recycling of end-of-life vehicles between 2002 and 2017.

BMW, Toyota and Volkswagen are among the car manufacturers that participated in the cartel, the European Commission says.