VW calls crisis meeting to discuss EU cartel inquiry, source says

German auto industry accused of collusion after claims VW, Audi, Porsche, Mercedes and BMW discussed pricing at meetings

The whiff of scandal around the German car manufacturing industry may be set to intensify, as Volkswagen prepares to hold a top-level meeting to discuss allegations that carmakers colluded to bring down the cost of components – including some used to control diesel emissions.

Volkswagen confirmed it is to hold a special supervisory board meeting on Wednesday but declined to give further details. A source familiar with the matter told Reuters the meeting would address claims it was among German carmakers operating a wide-ranging cartel.

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