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Carmakers fined for recycling cartel

03:03

Carmakers fined for recycling cartel
Source: Adobe Stock

EU and UK regulators have fined major car manufacturers over €550 million for colluding on vehicle recycling practices. The European Commission imposed €458 million in fines on 15 automakers and the European Automobile Manufacturers’ Association (ACEA), including BMW, Ford, Toyota, Honda, Hyundai, and Volvo.

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