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.
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.
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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Compass Lexecon Expands EMEA Presence with Opening of Lisbon Office
May 6, 2024 by
CPI
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI