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
-
Bosch Targeted in Criminal Probe of VW Diesel Cheating in U.S.
Federal prosecutors in the U.S. are trying to determine whether Robert Bosch GmbH conspired to help Volkswagen AB—and perhaps other carmakers—rig their diesel engines to evade emission standards, sources tell Bloomberg News.
-
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.
-
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.