EU hands out cartel fines to car parts suppliers, shipping groups
21/02/2018 10:20
BRUSSELS, Feb 21 (Reuters) - The European Commission on
Wednesday handed out a total of 546 million euros ($673.49
million) in fines to car shipping groups and car parts suppliers
for anti-competitive behaviour, the EU executive said.
The Commission, in its role as competition supervisor in the
European Union, said it had fined shipping groups CSAV VAP.SN ,
K-Line 9107.T , WWL-EUKOR WWLO.OL and NYK 9101.T 395
million euros for having formed a cartel in sea transport of new
cars and trucks.
"In particular, they coordinated prices, allocated customers
and exchanged commercially sensitive information," the
Commission said in a statement.
Shipping company MOL 9104.T was not fined as it had
alerted the Commission to the cartel.
German group Bosch ROBG.UL and Japanese supplier NGK
5334.T were fined 76 million euros for exchanging information
on prices in the spark plug market, while Bosch and Continental
CONG.DE were jointly fined another 75 million for discussing
sales of braking systems to German car makers.
($1 = 0.8107 euros)
(Reporting by Robert-Jan Bartunek)
((robertjan.bartunek@thomsonreuters.com; +32 2 2876850; Reuters
Messaging: robert-jan.bartunek.thomsonreuters.com@reuters.net))
Keywords: EU PRICEFIXING/AUTOS