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  4. BMW fined by UK watchdog over information request
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BMW fined by UK watchdog over information request

(Reuters) - The UK's anti-trust regulator fined German luxury carmaker BMW 30,000 pounds ($36,519) plus a further daily penalty of 15,000 pounds on Thursday over a disputed...
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BMW fined by UK watchdog over information request © Reuters. FILE PHOTO: The BMW logo is seen on the bonnet of a colour wrapped vehicle in London, Britain September 30, 2016. REUTERS/Toby Melville

(Reuters) - The UK's anti-trust regulator fined German luxury carmaker BMW 30,000 pounds ($36,519) plus a further daily penalty of 15,000 pounds on Thursday over a disputed information request related to an ongoing auto industry probe.

The Competition and Markets Authority (CMA) said it believes BMW holds information important to the probe it launched in March over suspected anti-competitive conduct in relation to recycling of old or written-off vehicles.

The European Commission at the same time launched a parallel investigation into a possible breach of the EU's cartel rules, with investigators carrying out raids on Renault (EPA:RENA) and Stellantis. Ford was served with a notice by the CMA.

BMW said in March it would respond to regulators' information requests but the CMA said that while the company's British unit had provided information, "the wider BMW Group has failed to comply fully with the CMA's legal request, and has claimed the CMA does not have jurisdiction."

The regulator added it does not accept BMW's argument.

BMW said in an emailed statement that the "CMA does not have the legal power to compel foreign companies to produce documents held entirely outside the UK jurisdiction".

It said it did not question the CMA's right to investigate whether UK competition law may have been infringed and said its UK unit was fully cooperating with the regulator, while BMW AG was fully cooperating with the EU Commission in its investigation.

The CMA said the daily penalty will continue to accumulate until BMW provides the requested information, or the watchdog issues an infringement decision, or closes the case.

($1 = 0.8215 pounds)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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ↀ Giá vàng thế giới
$2,285.72 -47.5 -2.04%
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Sản phẩm Vùng 1 Vùng 2
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RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
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Dầu hỏa 2-K20.68021.090
ↂ Giá dầu thô thế giới
WTI $80.83 +3.39 0.04%
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
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EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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