Volkswagen, BMW Fined $1 Billion by EU for Pollution Cartel (1)

Volkswagen AG and BMW AG agreed to pay 875 million ($1 billion) in fines by the European Union for collusion that regulators said curbed the rollout of AdBlue emissions-cleaning technology.

VW must pay about 502 million euros and BMW will pay nearly 373 million euros, the European Commission said in an emailed statement on Thursday. The penalty for BMW is far below its initial provision of 1.4 billion euros. BMW did a U-turn in May in agreeing to settle the probe, after previously indicating it would fight the EU.

A settlement means companies agree to the EU’s charges in return ...