Economy

European Union raids BMW in massive cartel case

European Union raids BMW in massive cartel case”

Daimler said separately that investigators were on its premises.

The EU competition watchdog said in July that it was investigating several German carmakers on suspicion they had conspired to fix prices in diesel and other technologies over several decades.

Last week, EU staff had "conducted an inspection" at BMW's Munich offices, BMW carmaker said in a statement to Reuters, adding that it is "assisting the European Commission in its work". German carmakers have always been aggressive advocates of diesel technology.

Stuttgart-based passenger-car and trucks manufacturer Daimler had said last week it had claimed whistleblower status to avoid fines.

Questioned by AFP, Daimler and Volkswagen have both acknowledged to be covered by these inspections for eu officials.

The EU probe represents another challenge for the German auto industry, which is still reeling from the fallout of VW's diesel-cheating scandal as well as the rise self-driving vehicles and a push from regulators for cleaner electric cars. "The Volkswagen group and the group companies concerned have been cooperating for a long time with the european Commission", assured the German giant.

News weekly Der Spiegel reported in July that German carmakers Volkswagen, Audi, Porsche, BMW and Daimler secretly worked together from the 1990s on vehicle development, construction and logistics - including how to meet increasingly tough diesel emissions criteria.

The Commission is now conducting a preliminary investigation to determine whether German carmakers colluded illegally on sourcing, technology, strategy and pricing during the 1990s.

Regulators are concerned the companies may have violated antitrust rules, the European Union said in a statement emailed mailed to news outlet.

The european Commission had already carried out Friday's inspections at BMW in the framework of the same investigation, which implies a total of five groups German vehicle.



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