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

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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

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