Oct 20, 2017
BMW headquarters searched by EU investigators
BMW has confirmed its head office was searched this week by European Union officials investigating an alleged cartel among five German carmakers. EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spending on emissions technology. BMW said EU staff had inspected its Munich offices, adding that it was assisting the regulators in their work. BMW said it wanted to make clear the distinction between potential violations of EU antitrust law, and the illegal manipulation of exhaust emissions, which it denies. In July, Volkswagen defended its record after allegations that it teamed up with other German car giants to breach EU cartel rules.
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