Stock market quotes, forex, financial news, forex tools –

All secrets have a way of getting out. The car industry in Germany is again under attack

 Breaking News
  • US Ministry of Energy predicts reduction of oil prices The US Ministry of Energy has published a monthly report, which turned out to be discouraging. It is expected that in the last quarter of this year the price for...
  • 28 Chinese companies are blacklisted by the US Everyone knows that just in few days two powerful states China and the USA – are starting the next round of the negotiations. Official Beijing has announced that it is...
  • Startup WeWork again in spotlight We have been writing about the startup WeWork, which was forced to postpone the initial public offering. They earn by renting commercial space for a long time in order to...
  • Massive cuts in HSBC HSBC Holdings Plc, the largest bank in Europe and one of the most significant and serious players in the global financial market, has announced the launch of a cost-optimization program....
  • Oil quotes still wait for negotiations Today, at 8.15 a.m. Moscow time, futures for Brent crude oil were trading in London for $ 58.31 per barrel. This is only 0.1% below the closing price of the...
All secrets have a way of getting out. The car industry in Germany is again under attack
July 21
09:00 2017

According to the information published by the newspaper Der Spiegel, three German automotive giants BMW AG, Daimler AG and Volkswagen AG may be parties to collusion.

The material posted on the pages of the authoritative publication, says that these three companies have been coordinating the development of technology, relations with suppliers, financial management and strategy for 20 years. These are typical signs of the cartel collusion, which are severely punished by representatives of antimonopoly. As Der Spiegel reports, at least two hundred employees took part in the negotiations.

Due to these rather serious charges, the shares of the companies involved in the scandal seriously fell:
– BMW: by 3.3%;
– Daimler: by 2.8%;
– Volkswagen: by 4.4%<./br>
The trend to decline is unlikely to continue; the correction of quotations in the near future should be expected.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment