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EU: Daimler, Volkswagen offices raided in cartel investigation

 |  October 23, 2017

European Union and German antitrust officials searched the offices of Daimler and Volkswagen on Monday, October 23, widening an inquiry into alleged collusion.

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.

Daimler unexpectedly revealed last Friday that it had claimed whistleblower status to avoid any fines, while Munich-based rival BMW said EU officials searched its offices.

By Monday, investigators were searching offices at Daimler and examining documents at Volkswagen’s (VW) headquarters in Wolfsburg and at its Audi luxury brand in the southern German city of Ingolstadt, spokespeople at Daimler and VW said.

German magazine Der Spiegel reported in July that Volkswagen, its units Porsche and Audi, Daimler’s Mercedes and BMW may have used industry committee meetings to fix the size of tanks for AdBlue, a liquid used to treat nitrogen oxide in diesel emissions.

Full Content: Bloomberg

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