EU fines German carmakers over alleged cartel activities
dw.com
dw.com
https://news.ycombinator.com/item?id=27771303
Daimler got a 100% discount (and Volkswagen 45%) respectively for "being the first one to talk" and for "having collaborated", though surely according to existing Laws, it sounds to me strange/a bit too much, I mean it is not like the immunity that (correctly) covers whistleblowers.
In the US, (individual) whistleblowers can walk away with millions of $ as a reward. Even if they were part of the wrongdoing before.
The 45% I have no idea about. Once you know somebody is doing something, how much is it worth for them to cooperate? But I’d trust the investigators to have a better idea on that than anybody.
Without any discount (i.e. if the issue was discovered by an external investigation, without any self-reporting by Daimler or cooperation by VW) the 875 million Euro would have been roughly 727+(502/0.55=912)+373=2,012.
The 2,012-875=1,137 million difference sounds like a lot of money in absolute terms.
Maybe when the money involved represents so large amounts the percentages should be lowered or a "minimum fixed amount" established.
And even if the Daimler (as whistleblowing company) might "deserve" the 100% discount (as possibly without their self-reporting the cartel could never be discovered) the VW collaboration "prize" is (IMHO) more up to debate, it should mean that the information from Daimler alone would have not been enough to prove that the cartel existed[1] (but then the 100% discount accorded to them would seem to much).
Not to start any conspiracy theory, and of course completely invented and hypothetical, but case #1 (what seemingly happened):
Daimler self-reports but does not provide enough to prove: 100% discount
VW provides proofs: 45% discount
BMW adds nothing: 0% discount
vs. case #2 (hypothetical):
Daimler self-reports and provides all needed proofs: 100% discount
VW can add nothing as the case is already proved: 0% discount
BMW adds nothing: 0% discount
The difference between case #1 and case #2 is worth roughly 410 milions Euro.
[1] from the EU site: >The reduction reflects the timing of the cooperation and the extent to which the evidence Volkswagen group provided helped the Commission to prove the existence of the cartel.
> cartel
bwahaha, these lobbyists are handying out their business-card-els at every single chance, the mobile industry is big up on the charter of the leading parties, and its literally a car-tel (whatever -tel means if bracketed this way, it certainly means no good).
So the tax payer will have to bear the burden, because its a statelevel politically controlled bizness.