Mexican Media Brands
VW’s Supervisory Board to Convene Over EU Conspiracy Probe
Volkswagen AG’s supervisory board has scheduled a special meeting on Wednesday to discuss the European Commission’s investigation into possible price fixing among German luxury carmakers, a source tells Reuters.
#legal
Share
Volkswagen AG’s supervisory board has scheduled a special meeting on Wednesday to discuss the European Commission’s investigation into possible price fixing among German luxury carmakers, a source tells Reuters.
The EC announced the probe on Saturday. The commission says it is looking into allegations that BMW, Daimler and VW’s Audi, Porsche and VW brands acted as a cartel, colluding for more than a decade on component pricing and technologies, including those associated with diesel emissions.
Details about the allegations are few. But analysts say any new investigation will further sully the German auto industry’s reputation for engineering and technical prowess.
RELATED CONTENT
-
Tesla Faces Second Autopilot Fatality Lawsuit
Tesla Inc. has been sued for the second time in three months by families of drivers killed in crashes while using the company’s Autopilot semi-self-driving feature.
-
Uber Fires Levandowski Over Waymo Lawsuit
Rider-share provider Uber Technologies Inc. has fired Anthony Levandowski, who headed its autonomous vehicle program until stepping aside in April.
-
Takata Opens $850 Million Fund to Pay Carmakers for Airbag Woes
Takata Corp. has launched an $850 million fund in the U.S. to repay carmakers for a portion of their costs to recall Takata airbag inflators that can explode when triggered by a crash.