Mexican Media Brands
BMW Confirms Office Raid by EU Antitrust Investigators
BMW AG has confirmed that its offices in Much were searched earlier this week by European Union investigators who are probing claims that Germany’s auto industry conspired to influence emission control technologies and prices.
#labor #regulations
Share
BMW AG has confirmed that its offices in Much were searched earlier this week by European Union investigators who are probing claims that Germany’s auto industry conspired to influence emission control technologies and prices.
Der Spiegel revealed the EU investigation in July. At the time, Competition Commissioner Margrethe Vestager warned that the companies could face “very high” fines if found guilty of collusion.
BMW has been especially outspoken in denying it has done anything improper. Analysts note that carmakers routinely cooperate on technical standards for the sake of simplifying their supply chain and lowering the cost of products they all use.
RELATED CONTENT
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.
-
UPDATE: Unifor Ratifies GM Labor Pact by 86% Margin
Hourly workers at General Motors Co.’s CAMI assembly plant in Ingersoll, Ont., will vote today whether to accept an agreement to end a strike they began on Sept. 17.
-
UAW Launches Strike Against GM
As expected, some 48,000 of the United Auto Workers Union members began a strike at midnight Sunday against General Motors Co. facilities in the U.S.