Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

German automakers raided in antitrust probe

Jaclyn Jaeger | October 24, 2017

The European Commission this week confirmed in a statement that European antitrust authorities have carried out inspections at the premises of several car manufacturers in Germany.

The inspections relate to Commission concerns that several German car makers may have violated Article 101 of the Treaty on the Functioning of the European Union, EU antitrust rules that prohibit cartels and restrictive business practices. The inspections follow allegations Volkswagen made last year to European antitrust authorities concerning discussions between itself and rival German car makers, including BMW and Daimler, that they had colluded for decades to fix the price of certain technologies.

On 23 October 2017, the Commission said it carried out an unannounced inspection at the premises of an unnamed car manufacturer. Commission...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.