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EU: Commission confirms car parts dawn raids

By  |  March 25, 2014

The European Commission confirmed to reporters that it carried unannounced inspections of various automotive exhaust system makers in several EU nations over allegations of a cartel.

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    According to a press release, the Commission raided various companies on March 25 of this year over allegations they formed an anticompetitive cartel, or that they abused their dominant position.

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    The companies that were searched were not named by authorities. But subsequent reports say the companies include France-based Faurecia, which confirmed being searched by EU authorities.

    The raids follow months of antitrust probes by US, EU, Canadian and Japanese authorities into allegations of car parts price-fixing.

    Full Content: Europa

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