Friday, March 29, 2024
HomeautosGerman automakers might face EU fines after allegations but no global legal...

German automakers might face EU fines after allegations but no global legal threat, analyst says

  • "I still don't see a major global legal threat here," Arndt Ellinghorst, head of global automotive research at Evercore ISI, told CNBC on Tuesday.
  • EU antitrust officials confirmed Saturday they had started investigating allegations of a cartel among a group of German carmakers.
  • Volkswagen said it would hold a special supervisory board meeting on Wednesday in order to discuss allegations of industry collusion, a source confirmed to CNBC via email.

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