A PYMNTS Company

Switzerland: Car leasers probed for price-fixing

By  |  July 15, 2014

Car leasing companies in Switzerland were searched by competition authorities on suspicion of price-fixing, according to reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Switzerland’s Competition Commission released a statement Tuesday announcing that it had conducted several dawn raids of financing companies and that it has evidence the companies colluded to fix leasing rates Interest rates, commission and contractual conditions may have been affected by the alleged collusion, the watchdog said.

    Ford Credit Switzerland, Mercedes-Benz Financial Services Schweiz, and other financing bodies related to GMAC, BMW and others were all named in the investigation.

    Reports say several of the companies under investigation have denied the allegations.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.