Monday, June 16, 2025
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home World

Global carmakers raided by EU; UK also announces probe

March 16, 2022
in US, World
0
Global carmakers raided by EU; UK also announces probe
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

BRUSSELS – EU antitrust regulators on Tuesday (March 15) raided several automotive companies and associations in several countries on suspicion of breaching the bloc’s cartel rules, while Britain’s competition authority also launched a probe.

The European Commission also sent companies requests for information, it said without disclosing company names.

“The inspections and requests for information concern possible collusion in relation to the collection, treatment and recovery of end-of-life cars and vans which are considered waste,” the EU competition enforcer said in a statement.

Renault said it “confirms that it was visited today by European Commission investigators” and that it was cooperating fully.

Opel, a brand of world No. 4 carmaker Stellantis, said its offices had been searched by investigators.

“The subject of investigation is the area of recycling end-of-life vehicles,” Opel said in a statement. “Of course, we cooperate fully with the authorities.”

German carmaker BMW said it had received a request for information and would respond.

Mercedes Benz said it did not expect to be fined because it had approached the EU regulator and Britain’s Competition and Markets Authority with information as a “leniency applicant.”

The CMA said it was investigating a number of unnamed automakers and some industry bodies in its own end-of-life vehicle probe, and that it was cooperating with the Commission. Ford said in a statement that it had been served with a notice by CMA “relating to the recycling of old or written-off vehicles, specifically cars and vans, also known as end-of-life vehicles”.

“Given the situation is ongoing it would be inappropriate for us to say more at this stage except to state that we will fully cooperate with the CMA’s review,” the US carmaker said.

Volkswagen and its premium brand Audi both declined to comment. A spokesman for Ferrari said the carmaker had not been raided by investigators.

Companies found breaching EU cartel rules face fines up to 10 per cent of their global turnover.

The Commission has in the past decade issued fines totalling about 2.2 billion euros ($3.3 billion) against car parts cartels dealing in products ranging from brakes to wire harnesses, seat belts and air bags.

This article was first published in Asia One . All contents and images are copyright to their respective owners and sources.

Tags: #Britain#Cars#EU (European Union)#Manufacturers
Previous Post

Japan considers ‘nuclear cops’ to tighten nuclear plant security after Russia’s Ukraine attack

Next Post

New Zealand to reopen borders earlier than planned

Related Posts

Italy to pass ‘right to be forgotten’ law for cancer survivors

Italy to pass ‘right to be forgotten’ law for cancer survivors

by AsiaOne
June 15, 2023
0
25

ROME — Italy will pass a law on the "right to be forgotten" (RTBF) for cancer survivors, Prime Minister Giorgia Meloni...

Bill Gates in China: Microsoft co-founder to meet Xi Jinping

Bill Gates in China: Microsoft co-founder to meet Xi Jinping

by AsiaOne
June 15, 2023
0
39

HONG KONG — Bill Gates, Microsoft Corp's co-founder, is set to meet Chinese President Xi Jinping on Friday (June 16) during his...

US judge temporarily blocks Microsoft acquisition of Activision

US judge temporarily blocks Microsoft acquisition of Activision

by AsiaOne
June 15, 2023
0
31

WASHINGTON - A US judge late on Tuesday (June 13) granted the Federal Trade Commission's (FTC) request to temporarily block Microsoft...

Most Popular

Failing to pay tax arrears in Cambodia within 15 days after notification will subject to 25% penalty

Failing to pay tax arrears in Cambodia within 15 days after notification will subject to 25% penalty

November 24, 2020
69
Japan jeers at ‘terrifying’ mascot for Osaka World Expo: ‘Who approved that monstrosity?’

Japan jeers at ‘terrifying’ mascot for Osaka World Expo: ‘Who approved that monstrosity?’

May 11, 2022
23
E-commerce in Cambodia may require a licence

E-commerce in Cambodia may require a licence

September 5, 2020
41

WING Bank Cambodia – A bank for every Cambodian, from dreams to reality

March 19, 2022
25
Cambodia Securities Exchange (CSX) suspends, ‘market-maker’, SBI Royal Securities Plc

Cambodia Securities Exchange (CSX) suspends, ‘market-maker’, SBI Royal Securities Plc

May 18, 2020
73
Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

June 14, 2023
105

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!