Check Credit Score
Check Credit Score
chakra

Countdown to Lok Sabha Elections 2024

voteFULL COVERAGE
HomeNewsWorld

South Korea to fine BMW, Mercedes, Porsche over emission rule breaches

BMW will face the largest penalty, of 60.8 billion won (USD 54 million), the ministry said in a press statement, with the automaker accused of forging emission test documents for more than 80,000 units involving 28 models between 2012 and 2015.

November 09, 2017 / 08:05 PM IST

South Korea plans to hit Mercedes- Benz, BMW and Porsche with a total of USD 63 million in fines for violating emission rules, its environment ministry said today.

BMW will face the largest penalty, of 60.8 billion won (USD 54 million), the ministry said in a press statement, with the automaker accused of forging emission test documents for more than 80,000 units involving 28 models between 2012 and 2015.

The ministry said BMW also imported and sold some 8,000 cars between 2013 and 2016, which used emission-controlling parts that had not been approved

It said Mercedes should expect fines of 2.9 billion won for selling 8,246 units of 21 models using such parts between 2011 and 2016.

Porsche is facing a 7.8 billion won penalty for selling 787 cars of five models using unapproved parts, it said.

PTI
first published: Nov 9, 2017 08:00 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347