Fiscal Policy & Regulation
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Fiscal Policy & Regulation
Looking at Fiscal Policy, primarily in the UK
Curated by Bruce Fellowes
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BMW, Daimler and Volkswagen face EU diesel emissions probe

BMW, Daimler and Volkswagen face EU diesel emissions probe | Fiscal Policy & Regulation | Scoop.it
BMW, Daimler and VW are being investigated to see if they agreed to restrict emissions control systems.

Via Graham Watson
Graham Watson's curator insight, September 18, 2018 8:57 AM

Massive news in the car industry, in that EU authorities are looking into the possibility that leading German manufacturers colluded in agreeing to restrict emission controls systems prior to the VW scandal.

 

It's not beyond the realms of possibility: the oligopolistic market structure might sometimes result in collusive outcomes and it would benefit the firms if it reduced their costs of investing in 'clean' technology.

 

My only observation is that, by now, the firms will have had plenty of time to construct a counter case, and I'd also be sceptical about the existence of all of the evidence after this time.

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VW pleads guilty to US emissions charges - BBC News

VW pleads guilty to US emissions charges - BBC News | Fiscal Policy & Regulation | Scoop.it
German car maker admits its guilt on three charges arising from the diesel emissions scandal.
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Volkswagen to pay $2.8bn for cheating on US diesel emissions tests

Volkswagen to pay $2.8bn for cheating on US diesel emissions tests | Fiscal Policy & Regulation | Scoop.it
Judge issues order to follow deal with justice department after VW admits 600,000 cars were programmed to turn on pollution controls during testing
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