Two former executives of Espar Inc and a current official have been indicted for conspiring to fix the prices of heaters used in trucks to keep drivers warm, the Justice Department said on Wednesday.
Volker Hohensee, a former president of Espar, Frank Haeusler, a former vice president of a German affiliate, and Harald Sailer, who is still with the company, were accused of working with rivals to push up prices for heaters sold between 2007 and 2012, the department said. Espar has already pleaded guilty to price-fixing, and has paid a fine of $14.9 million.
“These senior company officials conspired to fix the aftermarket prices of parking heaters sold to hundreds of businesses throughout the United States and North America,” said Bill Baer, head of the Justice Department’s Antitrust Division, in a statement.
The Justice Department and antitrust enforcers around the world have been investigating price-fixing in auto parts for several years. More than 35 companies have pleaded guilty, and more than 60 executives have been charged.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Top Antitrust Expert Joins Cravath from Paul Weiss
Jan 21, 2025 by
CPI
CMA Chief Removed as UK Government Targets Regulatory Overhaul
Jan 21, 2025 by
CPI
Court Denies Dismissal in Crab Price-Fixing Lawsuit
Jan 21, 2025 by
CPI
TikTok Stays Online for Now: Trump Floats US Ownership Deal
Jan 21, 2025 by
CPI
Hong Kong Watchdog Unveils Compliance Tool for Small Businesses
Jan 21, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Pharmacy Benefit Managers
Jan 20, 2025 by
CPI
Untangling the PBM Mess
Jan 20, 2025 by
Kent Bernard
Using Data, Not Anecdotes, to Analyze Criticisms of Pharmacy Benefit Managers
Jan 20, 2025 by
Dennis Carlton
Vertical Integration and PBMs: What, Me Worry?
Jan 20, 2025 by
Lawton Robert Burns & Bradley Fluegel
The Economics of Benefit Management in Prescription-Drug Markets
Jan 20, 2025 by
Casey B. Mulligan