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ARTICLE · 22 OCTOBER 2025

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Signalling 2.0 – Public Communication As An Antitrust Risk

In early 2024, the European Commission conducted unannounced searches of several tyre manufacturers on suspicion of cartel agreements, basing its initial suspicion largely on publicly available information – in particular transcripts of analyst calls, press releases and presentations.

GermanyAntitrust/Competition Law

1. AI-supported analysis triggers antitrust investigations by the European Commission

In early 2024, the European Commission conducted unannounced searches of several tyre manufacturers on suspicion of cartel agreements, basing its initial suspicion largely on publicly available information – in particular transcripts of analyst calls, press releases and presentations. The European Commission systematically evaluated this information, in part with the aid of AI, in order to identify indications of anti-competitive coordination.

The General Court of the European Union considered this method of investigation to be a sufficient basis for a search and emphasised that legal publication and transparency obligations do not constitute justification for a violation of antitrust law (T-188/24 – Michelin). Companies are urged to carefully review the content of their public communications for information relevant to competition.

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