Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/14/280 (19.03.14) |
Publication Date | 19/03/2014 |
Content Type | News |
On 19 March 2014, the European Commission found that two European companies (SKF and Schaeffler) and four Japanese companies (JTEKT, NSK, NFC and NTN with its French subsidiary NTN-SNR) operated a cartel in the market for automotive bearings. The Commission has imposed fines totalling € 953 306 000. Automotive bearings are used by car, truck and car part manufacturers to reduce friction between moving parts inside a vehicle. |
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Source Link | http://europa.eu/rapid/press-release_IP-14-280_en.htm |
Related Links |
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Subject Categories | Internal Markets, Mobility and Transport |
Countries / Regions | Europe |
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