- Title: Daimler board to discuss alleged German auto cartel -sources
- Date: 26th July 2017
- Summary: STUTTGART, GERMANY (JULY 26, 2017) (REUTERS) LOGO OF MERCEDES-BENZ, OWNED BY DAIMLER, AT DAIMLER HEADQUARTERS PEOPLE GOING THROUGH GATE VARIOUS OF ENTRANCE TO HEADQUARTERS WOMAN ENTERING BUILDING PEOPLE INSIDE CARS ON STREET MERCEDES-BENZ CAR DRIVING DAIMLER / MERCEDES-BENZ SIGN VARIOUS OF HEADQUARTERS TRAFFIC VARIOUS OF HEADQUARTERS VARIOUS OF MAN GOING THROUGH GATE
- Embargoed: 9th August 2017 12:19
- Keywords: Daimler cartel allegations supervisory board meeting German carmakers
- Location: STUTTGART, GERMANY
- City: STUTTGART, GERMANY
- Country: Germany
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA0016RCQHSD
- Aspect Ratio: 16:9
- Story Text: Daimler's supervisory board will meet on Wednesday (July 26) to discuss allegations that German carmakers were involved in anti-competitive behaviour, sources familiar with the matter said.
European Union and German antitrust regulators are investigating whether BMW, VW, Porsche, Audi and Mercedes-Benz owner Daimler held meetings to discuss suppliers, prices and standards to the disadvantage of foreign carmakers.
While carmaker associations commonly discuss how to implement new emissions standards and technologies, the question being probed by regulators is whether talks among the German manufacturers constituted anti-competitive behaviour.
A person familiar with the matter told Reuters on Tuesday (July 25) that Daimler first raised the issue of collusion with cartel authorities, a move that could earn it immunity. Under EU rules, a company blowing the whistle on wrongful collusion usually escapes penalties. - Copyright Holder: REUTERS
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