Commission fines six car air conditioning and engine cooling suppliers in cartel settlement

The European Commission announced on 8 March 2017 it had decided to fine Behr, Calsonic, Denso, Panasonic, Sanden and Valeo a total €155 million for taking part in one or more of four cartels concerning supplies of air conditioning and engine cooling components to car manufacturers in the EEA.

All six suppliers acknowledged their involvement in the cartels and agreed to settle the case. Denso was not fined for three of the cartels as it revealed their existence to the Commission. Panasonic was not fined for one of the cartels as it revealed its existence to the Commission.

• Primary Source

EurActiv, 08.03.17: Commission fines car suppliers €155 million http://www.euractiv.com/section/competition/news/commission-fines-car-suppliers-e155-million/

European Commission: DG Communication: STATEMENT/17/505, 10.03.17 Statement by Commissioner Vestager on a Commission decision fining six car air conditioning and engine cooling suppliers € 155 million in cartel settlement http://europa.eu/rapid/press-release_STATEMENT-17-505_en.htm

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