Six of Germany’s largest carmakers and parts suppliers were raided by the country’s cartel authority yesterday over suspicions that they had colluded when buying steel.
Volkswagen, BMW and Mercedes-Benz owner Daimler confirmed the raids, which were conducted on June 23 by Germany’s Federal Cartel Office, supported by police and crime authorities.
Bosch and ZF, two of the country’s largest parts suppliers to the car industry, were raided at two separate locations, the companies confirmed.
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