The EU Commission fines car safety equipment suppliers for illegal information exchanges (Takata / Autoliv / TRW)

Antitrust: Commission fines car safety equipment suppliers € 368 million in cartel settlement* The European Commission has fined Autoliv and TRW a total of € 368 277 000 for breaching EU antitrust rules. Takata was not fined as it revealed the cartels to the Commission. The companies took part in two cartels for the supply of car seatbelts, airbags and steering wheels to European car producers. All three suppliers acknowledged their involvement in the cartels and agreed to settle the case. Commissioner Margrethe Vestager, in charge of competition policy said:“This is the second time we fine car safety equipment suppliers for participating in a cartel. Components such as seatbelts and airbags are essential for the safety of the millions of people that use their car to drive to work or

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European Commission, The EU Commission fines car safety equipment suppliers for illegal information exchanges (Takata / Autoliv / TRW), 5 March 2019, e-Competitions Bulletin Automobile, Art. N° 89661

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