EU, German Regulator Studying Reports of Automaker Collusion
- Carmakers told regulator of decades of engine technology talks
- Commission says ‘premature’ to speculate further on issue
A Porsche 911 Carrera 4S sits parked at a residential property in the suburb of Point Piper in Sydney, Australia, on Tuesday, March 10, 2015. Foreigners who illegally buy homes in Australia will face higher fines and be forced to sell the property under rules proposed last month by Prime Minister Tony Abbott's government.
Photographer: Brendon Thorne/BloombergThe European Commission and the German cartel office have received information about possible collusion among German automakers and are studying the matter, according to a statement released Saturday.
“It is premature at this stage to speculate further,” according to the statement from the commission’s executive arm. “The commission and national competition authorities cooperate closely with each other on such issues in the context of the European Competition Network.”