EU fines 5 car airbag, seatbelt suppliers over cartel
22/11/2017 11:00
BRUSSELS, Nov 22 (Reuters) - EU antitrust regulators fined
five car safety equipment makers a total of 34 million euros
($40.0 million) on Wednesday for taking part in cartels to fix
prices for seatbelts, airbags and steering wheels to Japanese
carmakers.
The Commission, which oversees competition policy in the
European Union, said it had identified that four separate
cartels in which suppliers to Toyota 7203.T , Suzuki 7269.T
and Honda 7267.T coordinated over prices and markets and
exchanged sensitive information between 2004 and 2010.
Tokai Rika 6995.T was fined 1.8 million euros, Takata
TKTDQ.PK 12.7 million euros, Autoliv ALV.N 8.1 million
euros, Toyoda Gosei 7282.T 11.3 million euros and Marutaka
156,000 euros.
($1 = 0.8508 euros)
(Reporting by Philip Blenkinsop)
((philip.blenkinsop@thomsonreuters.com; +32 2 287 6838; Reuters
Messaging: philip.blenkinsop.thomsonreuters.com@reuters.net))
Keywords: EU AUTOS/PRICEFIXING