Court Overturns €31M Volkswagen Fine

Law360, New York (July 13, 2006, 12:00 AM EDT) -- The European Court of Justice has annulled a €31 million fine levied against Volkswagen for allegedly requiring dealers to sell its cars at a certain price, upholding a lower court ruling that the European Commission had not shown “any actual acquiescence by the dealers.”

The Commission had fined Volkswagen after claiming that the auto maker instructed its German dealers not to sell its latest Passat model for lower than the listed retail price.

Regulators had argued that since dealers had signed contracts agreeing to the pricing...
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