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illuminem summarises for you the essential news of the day. Read the full piece on POLITICO or enjoy below:
🗞️ Driving the news: The European Commission has fined 15 major automakers a total of €458 million for operating a cartel that manipulated the market for recycling end-of-life vehicles
• The companies, including Volkswagen, Stellantis, Renault-Nissan, and Ford, coordinated through the European Automobile Manufacturers' Association (ACEA) to restrict competition in vehicle recycling
• The Commission ruled that this collusion harmed consumers and hindered environmental progress
🔭 The context: Volkswagen received the largest fine at €127 million, followed by Renault-Nissan (€81 million), Stellantis (€75 million), and Ford (€41 million)
• Toyota and other Asian automakers were also penalised
• The case highlights how recycling obligations—essential to meeting EU circular economy goals—were undermined by corporate coordination
🌍 Why it matters for the planet: Collusion in vehicle recycling stalls progress toward more sustainable automotive practices, limits innovation, and reduces transparency for eco-conscious consumers
• Effective recycling of end-of-life vehicles is critical to reducing resource extraction, pollution, and carbon emissions
• The EU's action reinforces that greenwashing or delaying circular practices will not go unchecked
⏭️ What's next: The Commission may strengthen regulatory oversight on industry recycling standards and apply greater scrutiny to trade associations like ACEA
• Affected automakers could appeal the fines, but the ruling is expected to set a precedent for stricter enforcement of green compliance
• Increased pressure is likely on manufacturers to implement transparent, competitive recycling systems
💬 One quote: “We will not tolerate cartels of any kind, and that includes those that suppress customer awareness and demand for more environmental-friendly products,” — Teresa Ribera, EU Competition Commissioner
📈 One stat: Volkswagen received the highest fine: €127 million for its role in the recycling cartel
See here detailed sustainability performance of companies like Volkswagen, Stellantis, Ford and Renault
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