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Germany: Dawn raids reported at six auto suppliers

By  |  September 25, 2013

Germany’s competition regulator has reportedly conducted searched as six of the nation’s automotive suppliers for suspicion of fixing prices, according to reports.

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    The Cartel Office searched the firms regarding allegations of fixing car-boot furnishing prices since 2002, though reports have only named auto parts manufacturer Magna International as a confirmed company that said it had been searched.

    Magna said it would fully cooperate with the investigation.

    Full Content: Reuters

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