Volkswagen, BMW, Daimler Raided Over Steel-Buying Cartel
- German auto industry faces probe into steel-buying practice
- Federal Cartel Office searched six companies in June
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Volkswagen AG, BMW AG, Daimler AG and Robert Bosch GmbH were among six companies raided by Germany’s antitrust regulator in June in a probe of steel purchasing by the auto industry.
There are indications that antitrust rules may have been violated, and the raids were conducted to investigate the facts, Kay Weidner, spokesman for the Federal Cartel Office, said in an e-mailed statement on Tuesday. He declined to identify any company.