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A number of car companies have been investigated by the EU anti-monopoly investigation, suspected of driving up the price of auto parts

2024-11-22 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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In July 2017, there was a "giant case" in the German auto industry, with three German auto giants suspected of antitrust cases. The European Commission launched a formal investigation into whether German automakers BMW, Daimler and Volkswagen colluded in monopolistic behavior. Recently, Renault Nissan PSA and Jaguar Land Rover have also been subject to EU antitrust investigations, suspected of inflating the price of auto parts.

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Since December, the European Commission has launched investigations into carmakers such as Renault, Nissan, PSA, FCA and Jaguar Land Rover to determine whether they violated antitrust rules in auto parts, Der Spiegel reported. The European Commission is investigating whether the companies colluded to raise the price of car parts by 25 per cent with the help of consultancy Accenture.

Jaguar Land Rover, PSA and FCA declined to comment, while Renault and Nissan did not respond.

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