This would be stunning, if true.
Antitrust officials confirmed Saturday that they are investigating claims that the country’s major carmakers may have been operating a cartel since the 1990s, colluding on everything from vehicle development and engines, to suppliers and diesel emissions systems.
“The European Commission and the Bundeskartellamt [German cartel office] have received information on this matter, which is currently being assessed by the commission,” the European Commission said in a statement.
“It is premature at this stage to speculate further.”
The automotive industry accounts for about 20% of total industry revenue in Germany, and employs about 800,000 people in the country.
VW is already weakened by its emissions cheating scandal. If this is true and further cripples those companies, one wonders if there will be more opportunity for a resurgence from America’s auto manufacturers.