Finance
UK antitrust regulator imposes $100.43 million fine on carmakers, trade bodies
Published by Global Banking & Finance Review®
Posted on April 1, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 1, 2025
2 min readLast updated: January 24, 2026
UK's CMA fines carmakers $100M for breaking recycling competition law. BMW, Ford among those penalized. European Commission issues separate fine.
(Reuters) -Ten carmakers, including BMW and Ford, and two trade bodies have reached a settlement with the UK's antitrust regulator to pay 77.7 million pounds ($100.43 million) in fine after admitting to breaking vehicle recycling-related competition law, Competition and Markets Authority said on Tuesday.
The European Commission, which launched a parallel probe alongside the CMA in March 2022, on Tuesday issued a fine amounting to about 458 million euros ($494.82 million) to 15 major car manufacturers and the European Automobile Manufacturers' Association (ACEA).
Car manufacturers, including Jaguar Land Rover, Peugeot Citroen, Mitsubishi, Nissan, Renault, Toyota, Vauxhall and Volkswagen illegally agreed not to compete against one another when advertising what percentage of their cars can be recycled, UK's CMA said.
They also illegally colluded to avoid paying third parties to recycle their customers' scrap cars, the regulator added.
Two trade associations, The Society of Motor Manufacturers & Traders (SMMT) and the ACEA also were involved in both illegal agreements.
Mercedes-Benz, which was also involved in these agreements, is exempt from paying a financial penalty as it alerted the CMA to its participation via the authority's leniency policy, the regulator said.
The car manufacturers and industry bodies have until June 2 to pay their fines.
($1 = 0.7737 pounds)
($1 = 0.9256 euros)
(Reporting by Shanima A in Bengaluru; Editing by Shreya Biswas)
The article discusses the UK antitrust regulator fining carmakers for breaking vehicle recycling-related competition law.
BMW, Ford, Jaguar Land Rover, and other carmakers, along with trade bodies like SMMT and ACEA.
Mercedes-Benz was exempt from the fine due to its cooperation with the CMA's leniency policy.
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