Mexican Media Brands
Germany Probes Steel Price-Fixing Among Carmakers, Suppliers
Investigators from Germany’s cartel authority are looking into possible price manipulation by six carmakers and suppliers that buy steel.
#legal
Share
Investigators from Germany’s cartel authority are looking into possible price manipulation by six carmakers and suppliers that buy steel.
The government agency raided offices on June 23. The authority did not indicate which companies it targeted, but Reuters confirms five of them are BMW, Bosch, Daimler, Volkswagen and ZF.
All companies tell the news service they are cooperating with the probe. General Motors Co. reports its Opel unit is not part of the investigation.
RELATED CONTENT
-
Another Japanese Supplier Pleads Guilty to U.S. Price Fixing
Maruyasu Industries Co., a Japanese supplier of steel fuel and brake lines and engine components, has pleaded guilty to U.S. charges of conspiring to rig bids and fix prices on its products.
-
Tesla Sued Over Fatal Crash of Car in Autopilot Mode
Tesla Inc. has been sued by the family of a California man whose Tesla Model X crossover vehicle crashed into a highway barrier last year while the car was operating in semi-autonomous Autopilot mode.
-
U.S. Lawsuit Says Bosch Conspired with VW on Cheater Diesels
A U.S. lawsuit claims Robert Bosch GmbH conspired with Volkswagen AG to equip diesel-powered vehicles with software to cheat emission tests.