Volkswagen calls meeting to discuss cartel claims
BMW has already said discussions among car makers were about setting up refilling infrastructure for the anti-pollutant additive AdBlue
Berlin/Frankfurt — Volkswagen will hold a special supervisory board meeting on Wednesday to discuss allegations that German car makers operated a wide-ranging cartel, a source familiar with the matter said on Monday. The European Commission said on Saturday antitrust regulators were investigating a possible German automotive industry cartel following a tip-off. At stake is whether car makers VW, Audi, Porsche, Mercedes and BMW used German automotive industry committees to discuss pricing of components and technologies, and whether such talks constituted anticompetitive behaviour. A VW spokesman confirmed an extraordinary supervisory board meeting would be held on Wednesday but declined to give details. German car makers’ stocks took a hit in early trading on Monday, weighed down by uncertainty over possible antitrust fines after European regulators said they were probing cartel allegations. At 9.48am GMT, VW shares were down 2.8%, with Daimler and BMW down 3.4% and 2.5% respectively...
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