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Brazil: Cade to probe car parts cartel

By  |  July 7, 2015

Brazil’s antitrust watchdog has opened an investigation into a suspected cartel involving local units of Japanese auto parts maker Takata Corp. and Swedish-American rival Autoliv Inc., citing potential price collusion in safety belts, airbags and steering wheels.

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    Cade, as the regulator is known, said late Monday that evidence has been found of anti-competitive practices between the companies, including sharing manufacturing and financial information in order to better divide the market.

    A press representative for Takata Brasil SA said the company is taking all necessary measures in relation to the case and will cooperate fully with authorities.

    Full content: Auto123.com

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