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EC Fines Three Suppliers €151 Million for Price Fixing
The European Commission has fined Bosch, Continental and NGK a combined €151 million ($185 million) for conspiring to control competition for sparkplugs and electronic braking systems in Europe.
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The European Commission has fined Bosch, Continental and NGK a combined €151 million ($185 million) for conspiring to control competition for sparkplugs and electronic braking systems in Europe.
The EC fined Bosch and NGK a combined €78 million ($93 million) for agreeing not to compete with each other’s sparkplug businesses between 2000 and 2011. Denso Corp. also participated in the cartel but avoided a €1 million fine by reporting the scheme to regulators.
Separately, the commission levied a total of €75 million ($92 million) in penalties against Bosch and Continental for operating cartels to control the price and supply of hydraulic braking systems and electronic braking systems between 2007 and 2011. A third member of the schemes, TRW (now a part of ZF), escaped a €54 million fine by revealing the cartels.
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