BMW and Daimler Collaboration Put On Hold

  • Published By: Droom
  • 28 July 2017

An alleged auto-industry cartel that includes Volkswagen, Audi, BMW and Porsche has led to the deal halting.

Plans of future collaboration with Daimler have been put on hold by BMW after disclosure of an alleged conspiracy among German carmakers to cartel authorities.

Daimler reportedly blew the whistle on a supposed cartel between it, Volkswagen, BMW, Audi and Porsche. The cartel were involved in fixing prices and select technologies, including AdBlue diesel treatments.

Following the latest development, BMW’s top management pressed the pause button for future collaboration with Daimler. The cartel was apparently involved in fixing plans with regards to building charging stations for electric cars and joint purchasing of auto parts. BMW’s trust in the Daimler group has taken a hit after the allegation.

Neither BMW nor Daimler has commented, but the European Union and German antitrust regulators are currently investigating the alleged collusion.

Recent News

Tata Nexon XZ+ (S) Launched at Rs 10.10 Lakhs
  • Hot

Boasting of several new features, Tata Nexon XZ+ (S) is positioned between the XZ+ and the top-end XZ(O) grades.

Read More
 BS6 Emission Norms: Seven Things You Must Know About
  • Top

Here are the seven things that all the two-wheeler and four-wheeler owners must know about BS6 emission norms.

Read More

News You May Like

Mercedes to unveil its X-Class pickup soon

The first pickup truck from the brand will be manufactured in Spain and Argentina.

Read More
Nissan to unveil new Leaf EV on September 6

The new Leaf can travel 547 km on a single charge.

Read More
Download App