26.5 C
New York
July 1, 2025
Automotive industry Business Competition and Markets Authority europe Manufacturing sector news Regulators UK news World news

UK regulator fines 10 carmakers and two trade bodies over green ad collusion

UK regulator fines 10 carmakers and two trade bodies over green ad collusion

CMA found car firms chose not to compete when advertising what percentage of their vehicles could be recycled

Ten leading car manufacturers – plus two automotive trade bodies – have been fined more than £77m by a UK regulator after admitting breaking competition law in relation to advertising their green credentials.

The Competition and Markets Authority (CMA) launched an investigation after a tipoff from Mercedes-Benz, which allowed the German marque to avoid financial penalties despite also being involved in the cartel.

Continue reading…

Related posts

Trump hits UK with 10% tariffs as he ignites global trade war

TheWorldsNews

Zelenskyy accuses Russia of violating Putin’s Easter ceasefire 2,000 times

TheWorldsNews

Russia-Ukraine war live: Putin vows to ensure security of Russian regions bordering Ukraine

TheWorldsNews

Pin It on Pinterest

Share This