Mexican Media Brands
EU Fines Hella, Automotive Lighting for Price Fixing
The European Commission has fined Hella and Magneti Marelli's Automotive Lighting unit a combined €27 million ($30 million) for their participation in fixing prices for headlamps and other lighting products.
#legal
Share
The European Commission has fined Hella and Magneti Marelli's Automotive Lighting unit a combined €27 million ($30 million) for their participation in fixing prices for headlamps and other lighting products.
Valeo SA, which also participated in the cartel, escaped a fine by cooperating with the EC’s investigation. The commission says the companies rigged bids and exchanged information about contract negotiations instead of competing with each other.
The fines are part of a continuing international investigation into price fixing among dozens of automotive suppliers in the U.S., Europe and Japan.
RELATED CONTENT
-
U.S. Charges Five More VW Execs in Diesel Cheating Scandal
U.S. prosecutors have charged five more current or former Volkswagen AG executives in connection with the carmaker’s diesel emission cheating scandal.
-
VW Asks to Delay U.S. Diesel Emission Trials Over Hitler Reference
Volkswagen AG has asked a judge to delay several U.S. lawsuits involving rigged diesel emission controls because a lawyer representing hundreds of VW customers made “inflammatory” comments about the company.
-
U.S. Justice Dept. Asks VW to Delay Diesel Cheating Report
The U.S. Dept. of Justice has asked Volkswagen AG not to release findings of an independent probe into the German carmaker's diesel emission cheating scandal.