Foreign media: Public suspects will hold an emergency meeting to discuss how to deal with the monopoly scandal

Geely Automobile News According to foreign media reports, informed sources disclosed on July 24, local time, VW Group will hold a meeting of the board of supervisors on July 26 to discuss the allegations of a large-scale cartel alliance of German car manufacturers. . The cartel is an alliance formed by companies that produce or sell a similar commodity. The alliance members conclude agreements on commodity prices, production, and sales in order to monopolize the market and obtain high profits, which is one form of monopoly organization. The public speaker also confirmed this, but declined to give details.

Previously there was a secret message revealing that German car manufacturers may have collusion to coordinate the price and design of diesel vehicle emission treatment systems and other auto parts. The European Commission stated on July 22 that antitrust regulators are investigating this. The key to the investigation is whether Volkswagen, Audi, Porsche, Mercedes-Benz and BMW use the German Automobile Industry Council to discuss the pricing of components and technologies, and whether these negotiations constitute anti-competitive behavior.

After European regulators said they are investigating the German car industry cartel, German automaker stock prices suffered heavy losses in their early trading on July 24.

Stuart Pearson, an automotive analyst at Exane BNP Paribas, said that there is little known about the accusation and there are no indications that German automakers have pricing behavior. However, Pearson said: "There are more details that may be exposed. German automakers and the European Union's auto industry are still in the penalty zone."

In recent years, car companies in countries on both sides of the Atlantic have had cartel behavior in lighting systems, engine coolers, and bearings, and have been fined billions of euros. After Volkswagen admitted to cheating on diesel vehicle emissions tests in the United States in September 2015, the exhaust emissions record of German cars was also closely scrutinized, and the survey also showed that many vehicles exceeded the standards outside the laboratory.

On July 21, local time, the German “Mirror Weekly” stated that the Volkswagen Group, its Audi and Porsche brands, Daimler and BMW may use the industry committee to collude to price components such as diesel emission treatment systems. "Der Spiegel" said that the above companies also collaborated on the use of smaller urea tanks. The liquid in the urea tank is a urea solution and is used to filter the nitrogen oxides in the tail gas of diesel vehicles. According to the magazine, large urea tanks will be more expensive.

However, experts in the automotive industry have stated that the effectiveness of the exhaust gas filtration system does not depend on the size of the urea tank. For example, BMW has equipped its cars with urea tanks and nitrogen oxide storage catalytic converters. The combination of these two systems ensures that vehicles meet emission requirements.

BMW said on July 23 that there was no problem with its exhaust gas filtration system. Discussions with other car manufacturers on urea solutions were to establish a pan-European urea filling station network.