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Daimler, VW raided by EU staff in widening cartel searches

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FILE PHOTO: The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG in Stuttgart, Germany, February 2, 2017.

HAMBURG/BERLIN - European Union antitrust officials widened an investigation of alleged collusion between Germany’s top carmakers on Monday, with both Daimler and Volkswagen becoming the latest targets of the inspections.

The EU’s competition watchdog said in July that it was investigating an alleged cartel among Germany’s top automakers on suspicion they conspired to fix prices in diesel and other technologies over decades.

Stuttgart-based passenger-car and trucks manufacturer Daimler had said last week it had claimed whistleblower status to avoid fines.

It said on Monday that European Commission officials had started a search of its premises.

Volkswagen said investigators on Monday examined documents at its headquarters in Wolfsburg and its premium carmaker Audi’s offices in the southern German city of Ingolstadt.

“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,” the European Commission said in a statement.

Last Friday, BMW said Brussels-based investigators had searched its headquarters as part of an inspection, adding it was assisting the Commission in its work.

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Muslim Global: Daimler, VW raided by EU staff in widening cartel searches
Daimler, VW raided by EU staff in widening cartel searches
European Union antitrust officials widened an investigation of alleged collusion between Germany’s top carmakers on Monday, with both Daimler and Volkswagen becoming the latest targets of the inspections. The EU’s competition watchdog said in July that it was investigating an alleged cartel among Germany’s top automakers on suspicion they conspired to fix prices in diesel and other technologies over decades.
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