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Dec 8 (Reuters) – German luxury automobile company BMW ( BMWG.DE ) was fined 30,000 pounds ($36,519) plus 15,000 pounds per day by UK anti-trust regulators on Thursday after it failed to provide requested information related to the ongoing industry. is failing. .
The Competition and Markets Authority (CMA) said it believed BMW had information important to an investigation launched earlier in the year into suspected anti-competitive behavior in relation to the recycling of old or written-off vehicles.
“Although BMW UK provided the information, the wider BMW Group has failed to fully comply with the CMA’s legal request, and the CMA does not have jurisdiction.” The regulator said it did not accept BMW’s contention.
The CMA said it will continue to collect daily fines until BMW provides its requested information or the watchdog issues an infringement decision or closes the case.
“The relevant BMW Group companies are cooperating with the competent authorities within the framework of applicable legal requirements but also reserve their procedural rights when the authorities act outside the scope of their authority,” BMW said in an e-mailed statement.
The European Commission is also conducting a parallel investigation on the issue.
($1 = 0.8215 pounds)
Reporting by Pushkala Aripaka and Cinchita Mitra in Bengaluru and Christina Amann in Berlin; Edited by Krishnachandra Iluri
Our Standards: The Thomson Reuters Trust Principles.
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