EU Officials Raid BMW’s Munich Headquarters In Cartel Case

Officials from the European Union have raided BMW’s headquarters in Munich following allegations that it was involved in a cartel with other German automakers, Reuters reports.

The raid was carried out on October 16 but EU antitrust officials and confirmed by BMW, who said EU staff had simply “conducted an inspection” of its Munich offices. The raid is the first of its kind in relation to the claimed cartel.

In July, it was revealed that Daimler, BMW, Volkswagen, Audi and Porsche had all colluded to fix prices for diesel emissions treatments and other technologies for decades.

In a bid to protect itself, Daimler has claimed whistleblower status, asserting that it was the one that tipped off German publication Der Spiegel about the price fixing.

In a statement, BMW claims it didn’t manipulate exhaust gas treatments.

“The BMW Group wishes to make clear the distinction between potential violations of antitrust law on the one hand and illegal manipulation of exhaust gas treatment on the other. The BMW Group has not been accused of the latter.”

PHOTO GALLERY

  • LWOAP

    And just when I think I’ve heard it all, this happens. I wonder what the fallout from this will be?

    Also, it’s too early to say, but I’d wager that Daimler might be just as guilty and is merely trying to save its own ass. We’ll know more as this develops.

    • SteersUright

      Whistleblower status after admitting to being complicit in illegal price fixing? No, individuals can be whistleblowers, not corporations knowingly engaged in illegal activity. Given Europes more aggressive record of prosecuting corrupt executives, hopefully we see some jail sentences.

  • U8INIT

    Of course they are implicated. How do you think these major corporations got started…drug/blood money ect. that was “laundered” in legit businesses….look at Vegas. All that mafia money that started that…pulleezz!!!

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