EU Competition Authorities Raid BMW Offices
October 20 2017 - 9:55AM
Dow Jones News
By Natalia Drozdiak
BRUSSELS--European Union competition authorities have raided the
offices of BMW AG (BMW.XE) over concerns that several German car
makers violated the bloc's cartel rules.
The EU on Friday said that it had carried out an unannounced
inspection at a German car manufacturer in recent days along with
counterparts from the German cartel office.
BMW was the target of the inspection, according to a person
familiar with the matter.
In late July, the luxury-car maker denied that it had cooperated
with rivals to manipulate diesel engines for reducing
nitrogen-oxide emissions.
The denial followed reports, confirmed by the European
Commission, that Volkswagen AG asked the region's antitrust
watchdogs to scrutinize decades of possible coordination efforts by
the country's main auto manufacturers.
EU rules prohibit cartels and restrictive business practices.
Inspections are preliminary steps in competition probes.
Write to Natalia Drozdiak at natalia.drozdiak@wsj.com
(END) Dow Jones Newswires
October 20, 2017 09:40 ET (13:40 GMT)
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