Department of Justice launches antitrust probe into Ford, Honda, BMW and VW over emissions standards

Mail Online | 9/6/2019 | Reuters
vpp1219 (Posted by) Level 3
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The U.S. Justice Department is investigating whether the decision of four automakers in July to reach a voluntary agreement with California to adopt state emissions standards violated antitrust law, people briefed on the matter said.

The antitrust division has sent a letter to the automakers indicating the Justice Department had opened a preliminary inquiry, the people said, and comes as the Trump administration has ramped up its opposition to automakers seeking to sidestep it on rolling back Obama-era fuel efficiency rules.

July - Ford - Motor - Co - BMW

In July, Ford Motor Co, BMW AG, Volkswagen AG and Honda Motor Co said they had reached a deal to adopt standards that were lower than Obama-era rules but higher than the Trump administration’s 2018 proposal.

Ford said on Friday it had 'received a letter from the Department of Justice and will cooperate with respect to any inquiry.'

Statement - Honda - Justice - Department - Probe

In a statement, Honda said it was cooperating with the Justice Department. The probe is in its early stages.

Volkswagen said in a statement, 'We are in regular contact with U.S. authorities on...
(Excerpt) Read more at: Mail Online
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