April 1 (Reuters) - Ten carmakers, including BMW and Ford

, and two trade bodies have reached a settlement with the UK's antitrust

regulator to pay 77.7 million pounds ($100.43 million) in fine after admitting

to breaking vehicle recycling-related competition law, Competition and Markets

Authority said on Tuesday.

The European Commission, which launched a parallel probe alongside the CMA

in March 2022, on Tuesday issued a fine amounting to about 458 million euros

($494.82 million) to 15 major car manufacturers and the European Automobile

Manufacturers' Association (ACEA).

Car manufacturers, including Jaguar Land Rover, Peugeot Citroen, Mitsubishi,

Nissan ( NSANF ), Renault, Toyota ( TM ), Vauxhall and Volkswagen illegally agreed not to compete

against one another when advertising what percentage of their cars can be

recycled, UK's CMA said.

They also illegally colluded to avoid paying third parties to recycle

their customers' scrap cars, the regulator added.

Two trade associations, The Society of Motor Manufacturers & Traders (SMMT)

and the ACEA also were involved in both illegal agreements.

Mercedes-Benz, which was also involved in these agreements, is exempt

from paying a financial penalty as it alerted the CMA to its participation via

the authority's leniency policy, the regulator said.

The car manufacturers and industry bodies have until June 2 to pay their

fines.

($1 = 0.7737 pounds)

($1 = 0.9256 euros)