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Four German car manufacturers fined $1 billion over emission collusion – The Sydney Morning Herald

The European Union has handed down $1 billion in fines to four major German car manufacturers on Thursday.

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The (EU) 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…

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