20°C / 22°C
  • Sun
  • 27°C
  • 12°C
  • Mon
  • 28°C
  • 16°C
  • Tue
  • 27°C
  • 16°C
  • Wed
  • 27°C
  • 17°C
  • Thu
  • 23°C
  • 16°C
  • Sat
  • 22°C
  • 13°C
  • Sun
  • 21°C
  • 16°C
  • Mon
  • 21°C
  • 15°C
  • Tue
  • 21°C
  • 16°C
  • Wed
  • 24°C
  • 15°C
  • Sun
  • 28°C
  • 12°C
  • Mon
  • 30°C
  • 18°C
  • Tue
  • 29°C
  • 17°C
  • Wed
  • 30°C
  • 18°C
  • Thu
  • 26°C
  • 18°C
  • Sun
  • 29°C
  • 12°C
  • Mon
  • 27°C
  • 16°C
  • Tue
  • 26°C
  • 15°C
  • Wed
  • 27°C
  • 15°C
  • Thu
  • 23°C
  • 14°C
  • Sun
  • 26°C
  • 19°C
  • Mon
  • 26°C
  • 22°C
  • Tue
  • 28°C
  • 23°C
  • Wed
  • 24°C
  • 20°C
  • Thu
  • 23°C
  • 20°C
  • Sun
  • 20°C
  • 16°C
  • Mon
  • 22°C
  • 16°C
  • Tue
  • 19°C
  • 15°C
  • Wed
  • 20°C
  • 15°C
  • Thu
  • 24°C
  • 16°C
  • Sun
  • 27°C
  • 14°C
  • Mon
  • 30°C
  • 13°C
  • Tue
  • 22°C
  • 14°C
  • Wed
  • 27°C
  • 13°C
  • Thu
  • 33°C
  • 15°C
  • Sun
  • 24°C
  • 16°C
  • Mon
  • 25°C
  • 15°C
  • Tue
  • 21°C
  • 16°C
  • Wed
  • 25°C
  • 16°C
  • Thu
  • 29°C
  • 16°C
  • Sat
  • 25°C
  • 15°C
  • Sun
  • 30°C
  • 15°C
  • Mon
  • 31°C
  • 17°C
  • Tue
  • 29°C
  • 18°C
  • Wed
  • 30°C
  • 17°C
  • Sun
  • 30°C
  • 11°C
  • Mon
  • 28°C
  • 14°C
  • Tue
  • 24°C
  • 14°C
  • Wed
  • 22°C
  • 14°C
  • Thu
  • 25°C
  • 13°C
  • Sat
  • 24°C
  • 14°C
  • Sun
  • 33°C
  • 13°C
  • Mon
  • 29°C
  • 15°C
  • Tue
  • 33°C
  • 15°C
  • Wed
  • 25°C
  • 18°C
  • Sun
  • 19°C
  • 14°C
  • Mon
  • 20°C
  • 14°C
  • Tue
  • 17°C
  • 14°C
  • Wed
  • 18°C
  • 14°C
  • Thu
  • 21°C
  • 15°C

Volkswagen CEO denies price fixing by German carmakers

European Union antitrust staff have raided Volkswagen, Daimler and BMW as part of an investigation into whether they conspired to fix prices in diesel.

CEO of German carmaker Volkswagen Matthias Mueller delivers his speech during a Volkswagen preview night for the media on the eve of the opening of the Internationale Automobil Ausstellung (IAA) motor show in Frankfurt am Main, western Germany, on 11 September 2017. Picture: AFP

STUTTGART - German carmakers being investigated over possible collusion did not engage in price fixing or an illegal cartel, Volkswagen’s chief executive Matthias Mueller said on Wednesday.

European Union (EU) antitrust staff have raided Volkswagen, Daimler and BMW as part of an investigation into whether they conspired to fix prices in diesel and other technologies over several decades.

“I have no knowledge of price fixing,” Mueller said at a conference in Stuttgart. “We very much respect the cartel law.”

Mueller’s comment chimes with remarks made by his counterpart at Daimler, Dieter Zetsche, who told the conference late on Tuesday that cooperation among German rivals was for the good of customers and had not harmed them.

The EU’s competition watchdog said in July that it was investigating German carmakers in response to a tip-off after Der Spiegel magazine reported that Daimler, BMW, VW and its Audi and Porsche arms had colluded to the detriment of customers and foreign rivals.

Mueller said the German carmakers had cooperated on standardization issues under the leadership of Germany’s VDA industry lobby, without being more specific.

Also on Wednesday, Mueller said VW could live with a Chinese compromise on electric vehicle quotas to combat air pollution. Beijing wants electric and hybrid cars to make up at least a fifth of China’s auto sales by 2025 and plans to loosen joint-venture regulations to achieve its aim.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus