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Article: EU Court Reduces Volkswagen Fine
- Article from:
- AP Online
- Article date:
- July 6, 2000
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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 ...