Afternoon Coffee: BMW Raided in Collusion Inquiry, Tesla to Build Factory in Shanghai

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European Union investigators conducted a raid on BMW headquarters as part of an investigation into possible illegal collusion among German automakers, the New York Times reports. Antitrust authorities are looking into allegations that BMW, Daimler and Volkswagen conspired to pay agreed upon lower prices for components from suppliers.

Tesla Goes to China

In a bid to gain traction in China’s growing electric vehicle market, Tesla is setting up a manufacturing facility in Shanghai, according to the Wall Street Journal. By setting up a factory in the city’s free trade zone, Tesla also could reduce production costs significantly.

Apple Supply Chain

Advanced manufacturing requirements are straining the iPhone supply chain again. As CNBC reports, Apple will have no more than 3 million iPhone X units available for purchase when preorders open next week. Difficulties producing the camera circuit board and the 3-D face-scanning sensor are partially to blame, according to one Apple analyst.

Textile Duties

And finally, a trade update: China will extend anti-dumping duties on imports of caprolactam from the E.U. and the U.S. for another five years, according to Shanghai Daily. Save for a few specific agreements, U.S. firms will be levied a uniform anti-dumping tax of 24.2%.

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