On 21 November 2019, the German Federal Cartel Office ("FCO") issued fines totalling approximately €100 million on BMW, Daimler and Volkswagen for joint anti-competitive practices concerning the purchase of long-steel products. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS In 2018, the FCO imposed fines on several producers and sellers of special steel (a type of long steel) for price fixing. This decision, however, reflects the fact that coordination between purchasers can also infringe competition law. Material fines can be imposed for such conduct, even if the input concerned accounts for a small percentage of the total cost of the end product for which it is purchased.
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The German Competition Authority fines €100 million three car manufacturers for joint anti-competitive practices concerning the purchase of long steel products (BMW / Daimler / Volkswagen)
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