Thursday, June 22, 2017

Hella and Automotive Lighting busted for fixing automotive lighting parts prices, fined $29.8 million

The European Commission on Wednesday slapped German auto parts companies Automotive Lighting and Hella KGaA Hueck and Co. with a $29.8 million fine for colluding to fix prices for automotive lighting parts.

The commission hit the two companies with fines after a third cartel participant, Parisian auto parts company Valeo, brought the scheme to the authority’s attention in January 2012, a commission representative told Law360 on Wednesday. For alerting the commission, Valeo dodged a more than €30.5 million fine.

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