A PYMNTS Company

Spain: Commission fines 20 car companies €171 million for cartel practices

 |  July 28, 2015

Spain’s National Markets & Competition Commission has announced a record €171 million fine for 20 car manufacturers and distributors for practices it believes “constitute a cartel”, the commission said in a press release.

The Spanish subsidiaries of Citroën, BMW, Chrysler, Chevrolet, Fiat, General Motors, Honda, Hyundai, Kia, Mazda, Mercedes Benz, Nissan, Peugeot, Renault, Toyota and Volvo have been fined between €265,50 and €22.8 million.

The smallest fine, of €256,50, was for Chrysler España SL, and the largest fine, of €22.8 million, for General Motors España SLU.

The commission “considers it proven that those sanctioned exchanged commercially sensitive and strategic information in the Spanish vehicle distribution and after-sales market for the brands involved”, adding the activities took place across Spain in marketing, after-sales and business management.

Full content: CNMC

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.