Article: EU Court Reduces Volkswagen Fine


AP Online
07-06-2000
EU Court Reduces Volkswagen Fine

BRUSSELS, Belgium (AP) -- The European Union's high court on Thursday reduced a fine against Volkswagen by 11.8 percent, saying the German automaker violated rules on marketing cars in Italy in the 1990s but for a shorter period than the EU had contended.

The court let stand a 1998 finding that Volkswagen violated European Union fair trade rules by forcing its dealers in Italy not to sell to foreigners, only to residents and nationals of Italy. ``The allegations against Volkswagen were accurate,'' the court said.

But it cut the original fine of 102 million euros ($97.7 million) to 90 million euros, saying the infringement had lasted ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!