![Volkswagen weighs appeal against EU fine over emissions tech collusion](https://dasforex.com/wp-content/uploads/2021/07/LYNXNPEH670DN_L.jpg)
BERLIN (Reuters) – Volkswagen (DE:) said on Thursday it was considering whether to take legal action against an EU antitrust fine, saying the penalty over technical talks about emissions technology with other carmakers set a questionable precedent.
“The Commission is entering new judicial territory, because it is treating technical cooperation for the first time as an antitrust violation,” the German carmaker said after it was fined 502 million euros ($593 million).
“Furthermore it is imposing fines, although the content of the talks was never implemented and no customers suffered any harm as a result,” Volkswagen added in a statement.
Volkswagen called for clearer guidelines: “The high fines imposed in this case underscore the need for more comprehensive guidance from the Commission to ensure that legal uncertainty does not hamper innovation in Europe,” it said.
($1 = 0.8459 euros)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.