Spain’s National Markets & Competition Commission has announced a record €171 million fine for 20 car manufacturers and distributors for practices it believes “constitute a cartel”, the commission said in a press release.
The Spanish subsidiaries of Citroën, BMW, Chrysler, Chevrolet, Fiat, General Motors, Honda, Hyundai, Kia, Mazda, Mercedes Benz, Nissan, Peugeot, Renault, Toyota and Volvo have been fined between €265,50 and €22.8 million.
The smallest fine, of €256,50, was for Chrysler España SL, and the largest fine, of €22.8 million, for General Motors España SLU.
The commission “considers it proven that those sanctioned exchanged commercially sensitive and strategic information in the Spanish vehicle distribution and after-sales market for the brands involved”, adding the activities took place across Spain in marketing, after-sales and business management.
Full content: CNMC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 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