Germany’s Federal Cartel Office (FCO) has begun an investigation into Volkswagen(108,2€; – 2.9%), BMW (65,2€; – 2.4%), Daimler (52,3€; – 3.6%), Bosch (unlisted components supplier) and ZF (unlisted components supplier) for possible collusion in the purchasing of steel. The FCO could impose fines amounting to a maximum 10% of the companies’ revenues.