Car leasing companies in Switzerland were searched by competition authorities on suspicion of price-fixing, according to reports.
Switzerland’s Competition Commission released a statement Tuesday announcing that it had conducted several dawn raids of financing companies and that it has evidence the companies colluded to fix leasing rates Interest rates, commission and contractual conditions may have been affected by the alleged collusion, the watchdog said.
Ford Credit Switzerland, Mercedes-Benz Financial Services Schweiz, and other financing bodies related to GMAC, BMW and others were all named in the investigation.
Reports say several of the companies under investigation have denied the allegations.
Full content: Reuters
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