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U.S. Ends Antitrust Probe of Four Automakers Over California Emissions Deal: Source

Posted on the 07 February 2020 by Merks50

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

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.


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