Mexican Media Brands
Regulators Raid ThyssenKrupp Offices
Essen-based steelmaker ThyssenKrupp AG says German anti-trust authorities raided its offices on Thursday.
#regulations
Share
Essen-based steelmaker ThyssenKrupp AG says German anti-trust authorities raided its offices on Thursday.
The company says it is cooperating with the government's investigation of alleged collusion among suppliers of steel to the auto industry in Germany. ThyssenKrupp vowed to take "rigorous action" if the charges are substantiated.
The Federal Cartel Office says it raided offices of three steel companies and the residents of several suspects. The regulators did not identify the other two companies.
Authorities in Europe, Japan and the U.S. have been probing price-fixing among auto suppliers for several years. Steel has not previously been identified as one of the segments under investigation.
RELATED CONTENT
-
BMW Granted License to Test Self-Driving Cars in Shanghai
BMW AG has become the first foreign carmaker to win permission to test autonomous vehicles on public roads in China, according to the Shanghai Daily.
-
Study: How States Should Update Traffic Laws for Autonomous Cars
U.S. states should require that all automated cars have a licensed driver on board, suggests a study by the Governors Highway Safety Assn.
-
Porsche Racing to the Future
Porsche is part of VW Group and it is one of the companies that is involved in putting vehicles on the U.S. market with diesel engines in violation of EPA emissions regulations, specifically model year 2013–2016 Porsche Cayenne Diesel 3.0-liter V6 models.