Brussels, 19/03/2014 (Agence Europe) - On Wednesday 19 March, the European Commission decided to fine two European companies (SKF and Schaeffler) and four Japanese companies (JTEKT, NSK, NFC and NTN with its French subsidiary NTN-SNR) a total of €953 million for operating a cartel in the automotive ball bearings industry,
After an investigation that began in 2011, the Commission found that the companies had operated a cartel across the European Economic Area between April 2004 and July...