A PYMNTS Company

Brazil: CADE investigates international cartel of airbags

By  |  June 5, 2017

Five companies manufacturing modules for air bags, safety belts and steering wheels for vehicles have been put on notice by the CADE General Superintendence, being investigated for possible collusive practices.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    CADE’s investigators claim to have detected signs that Autoliv, Takata, Tokai Rika, Toyoda Gosei and ZF / TRW have coordinated prices, exchanged information on sales and negotiations, in addition to efforts to divide the market. “There is evidence that some commercially sensitive information, such as prices, volumes, production capacity and others, has been shared among economic agents,” said CADE.

    The illegal actions would have been coordinated by some 29 people, connected by telephone calls, meetings and emails sent between 2005 and 2011. Despite the fact that the companies involved have their headquarters in other countries, CADE has explained that there are indications of damages to the market in Brazil.
    Full Content: JC Net

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.