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EU: Commission confirms car parts dawn raids

By  |  March 25, 2014

The European Commission confirmed to reporters that it carried unannounced inspections of various automotive exhaust system makers in several EU nations over allegations of a cartel.

According to a press release, the Commission raided various companies on March 25 of this year over allegations they formed an anticompetitive cartel, or that they abused their dominant position.

The companies that were searched were not named by authorities. But subsequent reports say the companies include France-based Faurecia, which confirmed being searched by EU authorities.

The raids follow months of antitrust probes by US, EU, Canadian and Japanese authorities into allegations of car parts price-fixing.

Full Content: Europa

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