Jul 27, 2017

Volkswagen shrugs off cartel allegations

Volkswagen has defended its record after allegations that it teamed up with other German car giants to breach EU cartel rules. VW said it was normal for manufacturers to exchange technical information to speed up innovation. It declined to comment on specific allegations that five German carmakers colluded on price and technology. Daimler has also called the allegations speculative. EU and German anti-trust regulators are looking at allegations that BMW, Daimler and VW, including its subsidiaries Audi and Porsche, collaborated for decades on many aspects of development and production, disadvantaging customers and suppliers.

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