Mexican Media Brands
VW Denies Role in Alleged Price-Fixing Cartel
Volkswagen AG CEO Matthias Mueller declares the company didn’t fix prices or participate in an alleged cartel of German carmakers to do so.
#legal
Share
Volkswagen AG CEO Matthias Mueller declares the company didn’t fix prices or participate in an alleged cartel of German carmakers to do so.
His comment follows raids of BMW, Daimler and VW offices by European Commission investigators. The EC launched a probe in July based on a tip claiming that the companies conspired to fix prices and manage the use of emission control technologies. Der Spiegel first reported claims about a cartel.
All three carmakers have denied any role in price fixing. They do acknowledge their participation in industrywide discussions about standards that are organized by the industry’s VDA trade group.
RELATED CONTENT
-
Uber Settles with Family of Woman Killed in Self-Driving Car Crash
Uber Technologies Inc. has quickly settled on damages to the survivors of a woman killed in Tempe, Ariz., last week by an Uber test vehicle operating in autonomous mode.
-
Report: Ghosn Kept List of Hidden Compensation
Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.
-
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.