GERMAN CARMAKERS FACE USD58.3 BILLION FINES OVER CARTEL
November 1st, 2017
THE GERMAN car industry could be facing fines totalling EUR50 billion (USD58.3 billion) from European Union (EU) anti-trust authorities investigating allegations of a long-running cartel, experts fear. And with Audi, BMW, Mercedes-Benz producer Daimler, Porsche and Volkswagen all being investigated on allegations they were neck deep in a collusion deal dubbed ‘Das Kartell’, the resulting fines could prompt a permanent change in how the German auto industry works, said one specialist.
If found guilty, each carmaker in the cartel could be fined up to 30% of ...
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