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Volkswagen, BMW, Daimler Raided Over Steel-Buying Cartel

Updated on
  • German auto industry faces probe into steel-buying practice
  • Federal Cartel Office searched six companies in June

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.

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