25 July, 2017
German news magazine, Der Spiegel, reported Friday that Volkswagen, Audi, BMW, Porsche and Daimler may have been engaged in industrial collusion. Daimler AG's "workers are rightly horrified and angry" by antitrust allegations that emerged last week, and "there must obviously be consequences" if they're confirmed, Michael Brecht, head of that company's works council, said separately.
BMW sought to defuse concern about possible collusion with other German vehicle makers by rejecting allegations of cheating on diesel emissions and downplaying talks with rivals as being focused on promoting exhaust-treatment technology in Europe. Elsewhere, such as in London, the situation may well be quite different - the extreme air pollution problems of London and the lack of much an auto lobby there means that harsh measures such as outright bans of diesel cars are much more likely.
The company said it combined AdBlue fluid to neutralise pollutants as also a system that stored nitrogen-oxide emissions. Large tanks would have been more expensive, so the automakers reportedly agreed on small tanks.
"The European Commission and the Bundeskartellamt have received information on this matter, which is now being assessed by the Commission".
The alleged aim? To suspend competition in everything from vehicle development and engines, to suppliers and diesel emissions systems.
Mustard, ketchup maker French's sold in $4.2B deal
McCormick plans to fund the deal with a combination of equity and debt, and said it has obtained committed bridge financing. French's and Frank's RedHot will become McCormick's second- and third-largest brands, respectively, CEO Lawrence E.
On Saturday the European Commission said antitrust regulators were investigating a possible German auto industry cartel involving VW, Audi, Porsche, Mercedes and BMW.
Automakers who intentionally breach or manipulate emissions levels are now subjected to a fine worth up to 10 billion won for each model, according to the law revised in July 2016, a move came on the back of the Volkswagen's emissions scandal.
Audi will recall as many as 850,000 vehicles to update the software in Euro 5 and Euro 6 engines to reduce emissions and preempt cities' proposed driving bans, the Ingolstadt, Germany-based automaker said Friday in a statement.
Mercedes-Benz and Audi have announced recalls for almost four million diesel cars across Europe in a bid to avoid fines and vehicle bans in European cities.
"We compete to provide the best exhaust treatment systems", the Munich-based vehicle maker said in statement on Sunday afternoon.