German automakers formed a secret cartel in the ‘90s to collude on diesel emissions: report
Last week, Der Spiegel published an explosive report alleging that the major German automakers formed a secret cartel in the 1990s to collude on diesel emissions. These companies, including Volkswagen, Audi, BMW, Porsche, and Daimler, met in secret working groups to discuss “the technology, costs, suppliers, and even the exhaust gas purification of its diesel vehicles,” the German weekly reported. The meetings were disclosed to German competition officials in letters from VW and Daimler and viewed by Der Spiegel.
On Saturday, European Union antitrust regulators said they were investigating the cartel allegations, a measure that could result in hefty fines...