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EC’s Cartel Investigators Raid Daimler, VW Offices
The European Commission’s probe into alleged collusion among German carmakers conducted raids earlier today on Daimler and Volkswagen offices.
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The European Commission’s probe into alleged collusion among German carmakers conducted raids earlier today on Daimler and Volkswagen offices.
The searches follow a similar visit to BMW’s headquarters last week. The EC’s antitrust unit aims to determine whether the companies operated a cartel that controlled technologies and set prices.
Last week Daimler said it had declared itself a whistleblower and filed an “application for immunity” with the EC earlier this year. Reuters reports that the commission says only that Daimler is eligible for leniency under rules that reduce fines for participants who provide material evidence of wrongdoing.
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