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Europe Daily Bulletin No. 12570

30 September 2020
Contents Publication in full By article 24 / 34
ECONOMY - FINANCE - BUSINESS / Competition
Commission fines car equipment suppliers 18 million euros for cartels
Brussels, 29/09/2020 (Agence Europe)

The European Commission decided on Tuesday 29 September to impose fines totalling 18 million euros on Brose (€3.2 million) and Kiekert (€14.9 million) for participating in two cartels concerning the supply of car locking systems in the European Economic Area (EEA). Magna was not fined as it disclosed the two cartels to the Commission.

Magna, based in Canada, and Brose, based in Germany, participated in a bilateral cartel to supply door modules and window regulators for a specific car...

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