Germany fines BMW, Daimler, VW over steel cartel
By DW
22 November 2019 |
2:43 pm
German carmakers Daimler, BMW and Volkswagen have been ordered to pay €100 million for forming a cartel to fix steel prices. Germany's competition watchdog has zeroed in the steel industry in recent years.
In this article
Related
23 May 2019
BMW AG Chief Executive Officer Harald Krueger faces a management board decision on his contract in June or July amid concern about the company’s shift toward electric and autonomous vehicles.
23 Jun 2019
Factory workers at a Volkswagen plant in Tennessee have voted against unionizing. The vote dealt a blow to UAW efforts to gain a foothold among foreign auto facilities in the southern part of the United States.
15 Jul 2019
Herbert Diess, Volkswagen AG chief executive officer, and Jim Hackett, Ford Motor Co. chief executive officer, discuss the automakers' agreement to extend their partnership in electric and self-driving car technology. They speak with Bloomberg's David Westin on "Bloomberg Markets."
3 Aug 2019
German carmaker BMW had appealed against a European Commission decision to limit state aid for developing electric and hybrid cars at its Leipzig plant. The Commission reduced the amount of the grant to less than half.
25 Aug 2019
The iconic car rolled off the assembly line in July 2019 after more than two decades since its relaunch. There are only 65 'Final Edition' Beetles available, and they can only be bought in Mexico.
2 Sep 2019
The German multinational company are due to be pay $96.5 million (€87.6 million) for the error. VW admitted in 2015 that up to 11 million cars had been fitted with software designed to deceive emissions testers.
11 Sep 2019
BMW CFO Nicolas Peter discusses global trade tensions and his company's plans for a possible hard Brexit with Bloomberg's Caroline Connan at the Frankfurt Auto Show.
11 Sep 2019
BMW: No-deal Brexit would mean price rises
1 Oct 2019
What has the 'dieselgate' scandal cost Volkswagen?
18 Nov 2019
The German car giant said it will invest even more money than previously planned into expanding its electric fleet. Over the next decade, VW plans to roll out 75 completely electric models and 60 hybrid vehicles.
22 Nov 2019
German carmakers Daimler, BMW and Volkswagen have been ordered to pay €100 million for forming a cartel to fix steel prices. Germany's competition watchdog has zeroed in the steel industry in recent years.
30 Nov 2019
VW is under pressure for working with the Chinese government in Xinjiang after evidence of human rights abuses against Uighurs in the region. Meanwhile, the German and US governments urged China to uphold human rights.
Latest
2 hours ago
Rescuers worked into the night in Turkey and Syria following Monday's devastating earthquake. But cold weather means time is short for possible survivors. More than 9,000 people have been killed. DW has the latest.
2 hours ago
NBA all-time record scorer compares his career to a rollercoaster ride, and says he can't pick anyone but himself when asked who is the greatest of all time.
2 hours ago
A series of raids have resulted in the arrest of 25 alleged members of a trafficking ring that forced Chinese women into sex work in Europe.
4 hours ago
After Ornella lost several family members over the space of three years, relatives and neighbours in her east Congo village of Kabare began suspecting the 14-year-old of witchcraft. It is not uncommon in some African countries for frail children like Ornella, who suffers from a genetic form of anaemia, to be considered a bad omen and blamed for the mishaps that hit isolated and impoverished communities.
4 hours ago
The EU has been negotiating an economic partnership agreement with Indonesia for almost 7 years. Talks this week present new opportunity for a breakthrough.
4 hours ago
As the desperate search for survivors continues after the devastating earthquakes in Turkey and Syria, the WHO warns that up to 23 million people could be affected across the region. Our Perspective guest is Louise Bichet, Middle East Manager at Médecins du Monde (Doctors of the World), which has been working in the region for many years.