Media Reports Claim German Automakers Colluded on Diesel Emission Control Equipment
Recent media articles have circulated, reporting a possible European Commission, or EC, investigation into anti-competitive activities regarding diesel emissions of German automakers BMW (narrow moat), Daimler (no moat), and Volkswagen (no moat). At this point, with no official investigation opened, we have inadequate information to assess the probability of fines to change our fair value estimates. Having said this, given the high degree of European political demagoguery surrounding diesel emis...
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