Germany’s carmakers are under pressure from their employees to come clean on allegations the companies colluded on technology for decades, as investors continued to sell the stocks on concern the industry faces another major scandal following the diesel emissions crisis.
Prodded by labor leaders, Volkswagen AG Chairman Hans Dieter Poetsch is convening a special supervisory board meeting on Wednesday “given the current situation,” Michael Brendel, a spokesman at the Wolfsburg-based manufacturer, said Monday in an email. Daimler AG’s “workers are rightly horrified and angry” by antitrust allegations that came to light last week, and “there must obviously be consequences” if they’re confirmed, Michael Brecht, head of that company’s works council, said separately.