Daily Management Review

EU’s antirtrust regulators raid offices of VW & Daimler


10/23/2017


The raid follows Daimler’s claim of whistleblower status in the investigation that Germany’s top carmakers had colluded to fix the price of diesel cars and other technologies since decades.



On Monday, antitrust officials from the European Union widened their investigation of alleged collusion between Germany’s top carmakers with Daimler and Volkswagen becoming the latest targets for inspections.
 
In July, the EU’s competition watchdog had stated it was investigating an alleged cartel among Germany’s top automakers on suspicion they conspired to fix the prices in diesel cars and other technologies over decades.
 
Last week, Daimler had claimed whistleblower status to avoid fines.
 
On Monday, Volkswagen said investigators had not only examined documents at its headquarters in Wolfsburg but also in the southern German city of Ingolstadt at its Audi’s offices.
 
“The inspections are related to Commission concerns that several German car manufacturers may have violated EU antitrust rules that prohibit cartels and restrictive business practices,” said the European Commission in a statement.
 
Last Friday, BMW had said Brussels-based investigators had searched its headquarters as part of an inspection. The company is assisting the Commission in its work.

References:
reuters.com
 







Science & Technology

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

Apple takes up to develop Apple Watch for health monitoring

World Politics

World & Politics

Transparency International: Europe should stop selling citizenships

Turkey: We are not going to discuss borrowing from IMF anymore

Trump in your mobile phone: US is going to test Presidential Alert system

European automakers warn of consequences of tight emission controls

IATA: EU-UK flights can be cancelled due to Brexit disagreements

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems

Foreign Experts To Be Allowed By North Korea For Permanent Destruction Of Missile Sites