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  4. UK watchdog fines BMW after failure to meet information request
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UK watchdog fines BMW after failure to meet information request

(Reuters) -German luxury automobile firm BMW was fined 30,000 pounds ($36,519) plus a daily penalty of 15,000 pounds by UK's anti-trust regulator on Thursday for failing to...
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UK watchdog fines BMW after failure to meet 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) -German luxury automobile firm BMW was fined 30,000 pounds ($36,519) plus a daily penalty of 15,000 pounds by UK's anti-trust regulator on Thursday for failing to provide requested information related to an ongoing industry probe.

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

"Although BMW UK 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 said, adding it does not accept BMW's argument.

The CMA said the daily penalty will continue to accumulate until BMW provides the information it requested, 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 the applicable legal requirements but also reserve their procedural rights when authorities act beyond the scope of their powers," BMW said in an e-mailed statement.

The European Commission is also running a parallel investigation into the issue.

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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  
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
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(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
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SJC 0,5c7,380/ 7,560
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SJC 99,99%7,370/ 7,470
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