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
-
Ex-FCA Official Pleads Guilty in Labor Training Fund Scandal
Alphons Iacobelli, a former head of labor relations for Fiat Chrysler Automobiles NV in the U.S., has pleaded guilty of stealing millions of dollars from an employee training fund.
-
Tesla’s Autopilot Feature Deemed Partly to Blame in Fatal Crash
The U.S. National Transportation Safety Board has concluded that Tesla Inc.’s semi-autonomous Autopilot feature was partly to blame for a crash 15 months ago that killed one of the carmaker’s customers.
-
VW Asks to Delay U.S. Diesel Emission Trials Over Hitler Reference
Volkswagen AG has asked a judge to delay several U.S. lawsuits involving rigged diesel emission controls because a lawyer representing hundreds of VW customers made “inflammatory” comments about the company.