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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.

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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