According to Reuters, the US House Judiciary Committee plans to hold hearings and seek documents related to the Justice Department’s antitrust investigation into four major automakers’ agreement with California to adopt the state’s compromise vehicle emissions requirements.
Rep. Jerrold Nadler (Democrat -New York), the House Judiciary chairman, and Rep. David Cicilline (Democrat – Rhode Island), who chairs an antitrust subcommittee, said in a statement Monday, September 9, that the probe of Ford, Honda, BMW, and Volkswagen “is only the latest in a profoundly troubling pattern of abuse of power that has flourished under the Trump presidency.”
The two House Democrats added “there is virtually no antitrust theory that the Justice Department can use to prove that this agreement will unreasonably restrain trade or otherwise violate the antitrust laws.”
CPI reported on Saturday the existence of the investigation as the Trump administration has ramped up its opposition to automakers seeking to sidestep it on rolling back Obama-era fuel-efficiency rules.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
French Competition Watchdog Raids EPC Groupe
May 20, 2024 by
CPI
Nippon Steel Vice Chairman to Visit US for Key Meetings in U.S. Steel Acquisition
May 20, 2024 by
CPI
Google Pays Damages to US Government in Attempt to Avoid Jury Trial in Antitrust Case
May 20, 2024 by
CPI
Nature’s Miracle and Agrify Terminate Merger Agreement Amid Challenges
May 20, 2024 by
CPI
UK’s AI Safety Institute to Open US Office Amid Growing Calls for Global Collaboration
May 20, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI