The EU Commission fines car parts suppliers €18 million in cartel settlement in the market for closure systems for cars (Brose / Kiekert / Magna)

Antitrust: Commission fines car parts suppliers of € 18 million in cartel settlement* The European Commission has fined Brose and Kiekert a total of € 18 million for taking part in two cartels concerning supplies of closure systems for cars in the European Economic Area (EEA). Magna was not fined as it revealed both cartels to the Commission. Magna, based in Canada and Brose, based in Germany took part in a bilateral cartel concerning supplies of door modules and window regulators for a certain car model of Daimler group. Magna and Kiekert, based in Germany, took part in a separate bilateral cartel concerning supplies of latches and strikers to BMW group and Daimler group. All three companies acknowledged their involvement in the cartels and agreed to settle the case. Executive

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European Commission, The EU Commission fines car parts suppliers €18 million in cartel settlement in the market for closure systems for cars (Brose / Kiekert / Magna), 29 September 2020, e-Competitions September 2020, Art. N° 96996

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