Volkswagen CEO Unaware Of Price Fixing In Cartel Investigation
- EU searched the premises of VW and Daimler earlier this week
- Several car-makers had allegedly conspired to fix prices in diesel
- The alleged secret committees discussed standardization issues
Volkswagen has no information that price fixing was part of the alleged collusion between German carmakers, chief executive Matthias Mueller said. The European Commission on Monday widened an investigation and searched the premises of Volkswagen (VW) and Daimler on suspicion they had conspired to fix prices in diesel and other technologies over several decades.
Also Read: EU Antitrust Regulators Are Probing Possible German Cartel Among German Carmakers
The alleged secret committees set up by German carmakers discussed standardization issues, Mueller said on Thursday at an auto-industry conference hosted by Germany's Handelsblatt newspaper in Stuttgart.
Also Read: EU Raids BMW In Anti-Trust Cartel Case; Daimler To Turn Witness
Separately, Mueller said VW can live well with a Chinese compromise on electric vehicle quotas.
Also Read: European Union Raids Daimler, Volkswagen In Cartel Inquiry
To combat air pollution, China wants electric and hybrid cars to make up at least a fifth of the country's auto sales by 2025 and plans to loosen joint-venture regulations to achieve its aim.
(Reporting by Ilona Wissenbach. Writing by Andreas Cremer)
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Related News
Popular Volkswagen Models
Latest Cars
Upcoming Cars
Latest News
car&bike Team | Jan 2, 20262026 Kia Seltos Launched In India At Rs 10.99 LakhOffered in 10 variants across three engine options, the second-generation Kia Seltos finally goes on sale in India.4 mins read
Jaiveer Mehra | Jan 1, 2026New Kia Seltos India Launch Tomorrow: Here’s What You Should KnowThe second-gen Seltos has grown in size, promising improved interior space while remaining a tech-laden package.1 min read
Preetam Bora | Jan 1, 2026Opinion: 2025 – The Year Of the Mid-Size Motorcycle Boom In IndiaThe mid-size motorcycle segment, encompassing 250-500 cc, truly came into its own in 2025. But will it be sustained going forward with increased GST rates?1 min read
Jaiveer Mehra | Dec 31, 2025Hyundai Creta Sales Cross 2 Lakh Units In CY2025Carmaker said the Creta diesel still accounts for over 40 per cent of all units sold, while the share of first time buyers stands at over 30 per cent.1 min read
Carandbike Team | Dec 30, 2025Hyundai Aura, Nios-Based Prime SD & Prime HB Taxis Launched In IndiaCarmaker rebrands fleet models under the Hyundai Prime brand rather than as separate variants of its passenger car range, as it previously did with the Xcent1 min read
car&bike Team | Dec 30, 2025VinFast's V-Green Partners With Hindustan Petroleum To Setup EV Charging StationsV-Green is owned by Pham Nhat Vuong, Chairman of Vingroup Corporation and founder of VinFast.1 min read
Preetam Bora | Dec 30, 2025TVS Orbiter Review: Real-World Performance and Range TestedThe TVS Orbiter is a promising electric scooter promising decent range, practicality and pricing. But is there any reason to avoid it? We spent a few days getting to know it better.9 mins read
Jafar Rizvi | Dec 24, 2025MG Windsor EV 38 kWh Long-Term Report: IntroductionThe Windsor EV has joined our garage, and before it settles into daily duty, I took it out to get a sense of what living with an electric car is like.4 mins read
Seshan Vijayraghvan | Dec 23, 20252026 Kia Seltos Review: Formula Is Spot On, But Is The Timing Right?The 2nd-gen Kia Seltos has arrived, but it has the challenge of facing strong rivals like the Victoris and Sierra. The question is simple - Does it still have what it takes?9 mins read
car&bike Team | Dec 26, 2025Tata Punch EV Long-Term Second Report: Highway Performance, Pros & ConsAfter a week of living with the Tata Punch EV Long Range—including a proper Mumbai-Nashik highway test—we've learned what this little electric SUV is really made of.1 min read
Seshan Vijayraghvan | Dec 22, 20252026 Tata Harrier & Safari 1.5 Hyperion Review: By The Power Of Petrol!The new Tata Harrier and Safari petrol packs a new 1.5-litre TGDI Hyperion engine, but is it an ideal alternative to the diesel version?7 mins read