twitchyzero
07-25-2017, 09:03 AM
The European commission said on Saturday antitrust regulators were investigating a possible German automotive industry cartel after a tipoff.
At issue is whether VW, Audi, Porsche, Mercedes and BMW used German car industry committees to discuss pricing of components and technologies and whether such talks constituted anticompetitive behaviour.
Exane BNP Paribas automotive analyst Stuart Pearson said little was known about the allegations, but no signs had emerged about fixing prices charged to consumers.
“More ugly details could yet emerge, leaving German manufacturers – and the EU auto sector – still firmly in the sin bin for now,” he added.
On Friday, the German magazine Der Spiegel said VW, its Audi and Porsche brands, BMW and Mercedes owner Daimler may have colluded to fix prices on components, including of diesel emissions treatment systems, using industry committees. According to Der Spiegel, discussions had been ongoing since the 1990s.
if it turns out to be true, VWAG cannot to be trusted and I think that might be the beginning to the end of diesel
so far BMW and Daimler have responded, while VW is still figuring out how to best handle the damage control
https://www.theguardian.com/business/2017/jul/24/vw-calls-crisis-meeting-to-discuss-eu-cartel-inquiry-source-says
At issue is whether VW, Audi, Porsche, Mercedes and BMW used German car industry committees to discuss pricing of components and technologies and whether such talks constituted anticompetitive behaviour.
Exane BNP Paribas automotive analyst Stuart Pearson said little was known about the allegations, but no signs had emerged about fixing prices charged to consumers.
“More ugly details could yet emerge, leaving German manufacturers – and the EU auto sector – still firmly in the sin bin for now,” he added.
On Friday, the German magazine Der Spiegel said VW, its Audi and Porsche brands, BMW and Mercedes owner Daimler may have colluded to fix prices on components, including of diesel emissions treatment systems, using industry committees. According to Der Spiegel, discussions had been ongoing since the 1990s.
if it turns out to be true, VWAG cannot to be trusted and I think that might be the beginning to the end of diesel
so far BMW and Daimler have responded, while VW is still figuring out how to best handle the damage control
https://www.theguardian.com/business/2017/jul/24/vw-calls-crisis-meeting-to-discuss-eu-cartel-inquiry-source-says