Don’t miss the latest developments in business and finance.

EU raids automaker BMW in antitrust cartel case: source

Image
AFP Brussels
Last Updated : Oct 20 2017 | 7:57 PM IST
EU anti-trust regulators have raided the offices of automaker BMW, a source close to the matter said today, in a blow to the German car industry already hit by the Dieselgate scandal.
The European Commission, which refused to confirm the company involved, said the inspection was related to "concerns that several German car manufacturers may have violated EU antitrust rules that prohibit cartels and restrictive business practices," a statement said.

Also Read

First Published: Oct 20 2017 | 7:57 PM IST

Next Story