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German Automakers Diesel Cartel since the 90s

Quote:

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...ry-source-says

The Germans doing things in secret that are bad for everyone else... why does that sound so familiar?

VW is like... not this shit again

the Scania marque under VWAG was fined almost 900M Euros last month
this week EU investigators paid BMW's HQ a visit

https://www.bloomberg.com/news/artic...r-price-fixing
BMW raided in cartel investigation as Daimler claims immunity | Reuters

California emissions, crappy fueling systems that cannot withstand impurities of North American diesel, and the VW tuning scandal aka Dieselgate already killed the sub 2.0l diesel market in North America - so this news will have more of an impact in other markets. Too bad, I have 400k on my TDI and it gets over 40mpg no matter how I step on the skinny pedal.