Monday, 20 August, 2018

VW and Daimler Inspected by European Union as Cartel Probe Widens

VW Daimler 830x506 EU searches offices of German carmakers in "cartel" scandal investigation
Ellis Copeland | 25 October, 2017, 13:10

The commission in Brussels said it carried out visits at the premises of several carmakers in Germany, accompanied by German antitrust officials.

The Commission, guardian of competition in the European Union, underlines that these inspections took place on Monday and that inspectors from the German cartel Office were present.

The raids are believed to have targeted Daimler, the owner of Mercedes-Benz, and Volkswagen Group, which owns brands including Audi, Porsche, Lamborghini and Skoda.

The three carmakers worked together on a wide range of technology, including discussing the size of tanks for AdBlue, a liquid that helps neutralize pollutants in diesel exhaust, Der Spiegel reported.

Volkswagen CEO Matthias Mueller attends the opening of the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 11, 2017.

Both buyers and suppliers of the auto giants suffered from the under-the-table deals, the magazine alleged.

New teardown brings more smoke to reports of a touchscreen Google Home
With Lynky, users can sync and manage all of their smart gadgets through one, simple to use interface that can be controlled by touch and voice.


Pres. Trump says Corker "couldn't get elected dog catcher in Tennessee"
In a series of tweets earlier Tuesday, the President accused Corker of fighting tax cuts and called him a "lightweight". The Senate passed a $4 trillion budget plan last week with a vote of 51-49, according to the Associated Press .


DNC, Clinton campaign paid for research that resulted in Trump dossier
Even before that deal, Fusion GPS's research into Trump was funded by a rival in the Republican presidential primary election. The judge in the case also extended a deadline for the bank to reply to the case from Wednesday until Friday morning.


For the world's largest carmaker Volkswagen, the diesel emissions scandal alone has already cost tens of billions of euros since 2015.

In the case of the German automotive industry, the european Commission has confirmed that Daimler ag has been cooperating with it and that it benefited from its leniency programme, having provided a number of information. Under European rules, the first firm to come forward with evidence of anticompetitive behaviour can be spared the worst of the punishment. Munich-based BMW said Friday that it is "supporting the work of the European Commission", adding that the cartel suspicions did not mean it was suspected of manipulating emissions values in its own diesel vehicles.

In a separate cartel case, Daimler suffered a billion-euro fine from Brussels last summer for fixing truck prices with competitors.

Now Reuters reports that the investigation moved over at VW and Daimler.

BMW is irritated by its rivals' conduct, BMW head of procurement Markus Duesmann said in an interview with Frankfurter Allgemeine Sonntagszeitung.

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