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NERA Advises BMW in the European Commission’s Investigation AT.40178– Car Emissions
The Situation
In September 2018, the European Commission opened an investigation into possible coordination between the car manufacturers Audi, BMW, Daimler, Volkswagen and Porsche (the so called “circle of five”) in relation to certain technical car features.
NERA's Role
Led by Heiner Lindenlaub, a team from NERA's Berlin office provided economic advice to BMW in its dealings with the European Commission.
The Result
After issuing a Statement of Objections in April 2019, the European Commission reduced the scope of its investigation and agreed with the car manufacturers on a settlement. This led to a fine of more than €1 billion below the amount originally provisioned by BMW.