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Fwd: EU To Fine Volkswagen, Audi $112M



EU To Fine Volkswagen, Audi $112M
 
 .c The Associated Press
 
  BRUSSELS, Belgium (AP) - The European Commission will fine Volkswagen AG and
its subsidiary, Audi AG, 200 million marks ($112 million) for illegal sales
practices at its Italian dealerships, a European Union source said today. A
formal announcement was expected later in the day.
 
 At its weekly meeting, officials said, the Commission was considering charges
VW prevented its Italian dealers from selling to clients from outside Italy
who were shopping for cheaper cars than those on sale in their homelands.
 
 Under EU rules, consumers have the right to shop for the best buy anywhere in
the 15-nation EU.
 
 Under EU competition rules, the Commission has powers to fine a company the
size of VW up to 10 percent of its global sales.
 
 EU antitrust regulators began investigating VW's Italian dealerships in 1995
after German, Austrian and French consumers complained dealers there refused
to sell to them.
 
 AP-NY-01-28-98 1023EST
 
  Copyright 1997 The Associated Press.  The information  contained in the AP
news report may not be published,  broadcast, rewritten or otherwise
distributed without  prior written authority of The Associated Press. 




EU To Fine Volkswagen, Audi $112M

.c The Associated Press

 BRUSSELS, Belgium (AP) - The European Commission will fine Volkswagen AG and
its subsidiary, Audi AG, 200 million marks ($112 million) for illegal sales
practices at its Italian dealerships, a European Union source said today. A
formal announcement was expected later in the day.

At its weekly meeting, officials said, the Commission was considering charges
VW prevented its Italian dealers from selling to clients from outside Italy
who were shopping for cheaper cars than those on sale in their homelands.

Under EU rules, consumers have the right to shop for the best buy anywhere in
the 15-nation EU.

Under EU competition rules, the Commission has powers to fine a company the
size of VW up to 10 percent of its global sales.

EU antitrust regulators began investigating VW's Italian dealerships in 1995
after German, Austrian and French consumers complained dealers there refused
to sell to them.

AP-NY-01-28-98 1023EST

 Copyright 1997 The Associated Press.  The information  contained in the AP
news report may not be published,  broadcast, rewritten or otherwise
distributed without  prior written authority of The Associated Press. 

 

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