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Eugene

(61,593 posts)
Fri Feb 7, 2020, 07:03 PM Feb 2020

U.S. ends antitrust probe of four automakers over California emissions deal: source

Source: Reuters

ENVIRONMENT FEBRUARY 7, 2020 / 4:56 PM / UPDATED AN HOUR AGO

U.S. ends antitrust probe of four automakers over California emissions deal: source

WASHINGTON (Reuters) - The U.S. Justice Department on Friday told four automakers it had closed an antitrust investigation into a voluntary agreement the companies reached with California on emissions without taking any action, a source told Reuters.

Ford Motor Co (F.N) and Honda Motor Co (7267.T) confirmed the probe had been ended. A source confirmed it had also been closed in connection with BMW AG (BMWG.DE) and Volkswagen AG (VOWG_p.DE).

The Trump administration in September issued a determination that California cannot set its own vehicle emission standards and had been investigating if the companies engaged in anti-competitive conduct in striking the deal. The Justice Department did not immediately comment.

Reporting by David Shepardson; Editing by Cynthia Osterman

https://www.reuters.com/article/us-autos-emissions-antitrust/u-s-ends-antitrust-probe-of-four-automakers-over-california-emissions-deal-source-idUSKBN2012NP

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