Mexican Media Brands
Skoda Fined €1.8 Million for Profit Margin Fixing
The Czech Republic has fined Volkswagen AG's Skoda unit 49 million Czech korunas (€1.8 million) for manipulating distributor margins in 2011-2012, Reuters reports, citing the government's anti-monopoly Web site.
#legal #economics
Share
The Czech Republic has fined Volkswagen AG's Skoda unit 49 million Czech korunas (€1.8 million) for manipulating distributor margins in 2011-2012, Reuters reports, citing the government's anti-monopoly Web site.
The fine was imposed in December. But the government tells the news service it didn't announce the levy until now because it needed to remove confidential information from its ruling.
RELATED CONTENT
-
Grand Jury Indicts Former FCA Executive In Union Payoff Scheme
A former labor relations executive at Fiat Chrysler Automobiles NV has been charged with making more than $2.2 million in illegal payments to himself and a United Auto Workers union official in Detroit.
-
VW Is Storing Nearly 300,000 Repurchased Diesels in U.S.
Volkswagen AG has stashed about 294,000 diesel-powered cars across the U.S. that it bought back from customers after admitting the vehicles were rigged to evade U.S. emission laws.
-
Apple Engineer Accused of Stealing Self-Driving-Car Secrets
For the second time in six months, a Chinese nationalist working on Apple Inc.’s Project Titan autonomous car program in California has been charged with stealing proprietary data.