The European Commission Confirms Cartel Allegation Investigation
The EU confirms probe into possible tech and emissions collusion
German automakers extended declines Monday after the European Commission confirmed it will study a report that linked several of the country's biggest brands to a decades-long program of collusion on technology costs and emissions controls.
The EC said Saturday that it had "received information on this matter", along with Germany's Federal Cartel Office, but noted it was "premature at this stage to speculate further."
"The Commission and national competition authorities cooperate closely with each other on such issues in the context of the European Competition Network," the EC said.
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