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.
https://www.law360.com/automotive/articles/936865/eu-tackles-another-auto-cartel-with-29-8m-car-lights-fine
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.
https://www.law360.com/automotive/articles/936865/eu-tackles-another-auto-cartel-with-29-8m-car-lights-fine
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