once Again, the EU competition authorities have imposed high fines against an automotive supplier. The company should have belts prices in terms of safety, Airbags and steering wheels arranged to the detriment of the consumer.
Because of prohibited agreements, the competition authorities of the European Union have imposed high fines against two car parts suppliers. You will have to pay according to the EU Commission, around 368 million euros.
EU competition Commissioner Margarethe Vestager, prior to throwing the company to the consumers harmed.
the companies are Affected Autoliv of Sweden and TRW of the United States, which belongs to the German ZF Friedrichshafen. They had belts, among others, between 2007 and 2011, prices in terms of safety, Airbags and steering wheels arranged, explained to the competition authorities. The supplies were intended for Volkswagen and BMW.
suppliers wanted to increase profits
The agreements are to spaces in your own business, Restaurants and Hotels, as well as through phone calls and E-Mails will be. The suppliers would have agreed, “in order to increase their profits,” said EU competition Commissioner Margrethe Vestager. They would have harmed EU consumers and a negative impact on the competitiveness of the automotive industry.
