The Wall Street Journal: Justice Department subpoenas four auto makers over California emissions deal

The Justice Department has issued civil subpoenas to four auto makers that reached a tailpipe emissions deal this summer with the state of California, according to people familiar with the matter, the latest development in a federal antitrust investigation that has generated political controversy.

The subpoenas come on the heels of initial discussions between the department’s antitrust division and Ford Motor Co. F, -0.34%  , Honda Motor Co. HMC, +0.90%  , BMW AG BMW, +1.28%   and Volkswagen AG VOW, +2.50%   regarding a July agreement between the auto makers and the California Air Resources Board on fuel efficiency standards. The California framework is at odds with the Trump administration’s regulatory approach.

The Justice Department in late August began asking the companies whether they agreed among themselves on the outlines of the deal with California regulators.  If there was such collaboration, it could raise antitrust concerns, the department said.

Mary Nichols, chairwoman of the California Air Resources Board, has said the state worked individually with the auto makers and that all parties were mindful of not violating antitrust laws.

The subpoenas, called civil investigative demands, are an indication that the initial dialogue between the auto makers and the Justice Department hasn’t fully resolved the matter. But the department’s formal demands also give the companies a mechanism to provide information that could clear them from suspicion.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

A new strain of HIV is recorded under group that caused pandemic.

For sale: SAT-takers’ names. Colleges buy student date and boost exclusivity.

Filed in: Top News Tags: 

You might like:

Market Extra: A record one-quarter of $450 billion of student loans are being repaid on income-based repayment plans, DBRS Market Extra: A record one-quarter of $450 billion of student loans are being repaid on income-based repayment plans, DBRS
NewsWatch: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market NewsWatch: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market
The New York Post: Don’t buy China’s story: The coronavirus may have leaked from a lab The New York Post: Don’t buy China’s story: The coronavirus may have leaked from a lab
The Wall Street Journal: Buffett’s Berkshire stock underperforms the most since 2009 The Wall Street Journal: Buffett’s Berkshire stock underperforms the most since 2009
Market Snapshot: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market Market Snapshot: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market
Morgan Stanley is paying $2,500 per customer for E-Trade. You can earn a $3,500 sign-up bonus for signing with a new broker — with one major catch Morgan Stanley is paying $2,500 per customer for E-Trade. You can earn a $3,500 sign-up bonus for signing with a new broker — with one major catch
Market Extra: Will a surging dollar derail the stock-market rally? What investors need to know Market Extra: Will a surging dollar derail the stock-market rally? What investors need to know
Commodities Corner: Agricultural commodities may get a post-coronavirus boost Commodities Corner: Agricultural commodities may get a post-coronavirus boost

Leave a Reply

Submit Comment
© 2020 Stock Investors News. All rights reserved. XHTML / CSS Valid.