FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau
BERLIN (Reuters) – Germany’s cartel authority said on Thursday it was fining the country’s three major carmakers – BMW (BMWG.DE), Volkswagen (VOWG_p.DE) and Daimler (DAIGn.DE) – a total of 100 million euros ($110.84 million) for unlawful actions in relation to steel purchases.
The carmakers unlawfully coordinated on the prices they paid for steel from suppliers, the cartel office said in a statement, adding that the resulting prices were paid until at least 2016.
All three companies accepted what the cartel office determined, it added.
Reporting by Tassilo Hummel; Editing by Michelle Martin
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