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German automakers accused of engaging in anticompetitive conspiracy

( November 6, 2017, 23:31 GMT | Official Statement) -- MLex Summary: A proposed class action has been filed against Volkswagen, Daimler, BMW, and their subsidiaries for allegedly engaging in a conspiracy regarding various strategies in the US to reduce competition among them. According to the complaint, the conspiracy limited the pace and extent of innovation, causing the companies' vehicles to have fewer features and lesser performance than they would absent the conspiracy.See document below....

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