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
-
China Prepares to Sanction U.S. Carmaker for Price Fixing
China is preparing to fine an undisclosed U.S. carmaker for ordering its distributors to fix prices beginning in 2014, according to China Daily. Media reports say General Motors Co. is the target.
-
Grand Jury Indicts Former FCA Executive In Union Payoff Scheme
A former labor relations executive at Fiat Chrysler Automobiles NV has been charged with making more than $2.2 million in illegal payments to himself and a United Auto Workers union official in Detroit.
-
U.S. Justice Dept. Asks VW to Delay Diesel Cheating Report
The U.S. Dept. of Justice has asked Volkswagen AG not to release findings of an independent probe into the German carmaker's diesel emission cheating scandal.