BREAKING NEWS
latest

728x90

header-ad

468x60

header-ad
DutchEnglishFrenchGermanItalianPortugueseRussianSpanish

Thursday, November 21, 2019

Germany fines BMW, Daimler, Volkswagen for forming steel cartel

BERLIN (Reuters) - Germany's cartel authority said on Thursday it was fining the country's three major carmakers - BMW (DE:BMWG), Volkswagen (DE:VOWG_p) and Daimler (DE:DAIGn) - a total of 100 million euros ($110.84 million) for unlawful actions in relation to steel purchases.

The carmakers unlawfully coordinated on the prices they paid for steel from suppliers, the cartel office said in a statement, adding that the resulting prices were paid until at least 2016.

All three companies accepted what the cartel office determined, it added.

Original Article
« PREV
NEXT »

No comments