European Commission imposes fines on car equipment suppliers
The European Commission has imposed fines of a total EUR18.196 million on Brose and Kiekert for their involvement in cartels relating to supplies of closure systems for BMW and Daimler cars in the EEA.
Magna received full immunity from fines under the 2006 Leniency Notice. As a result, it escaped fines of around EUR6 million.
The decision was reached under the cartel settlement procedure, leading to a reduction of 10 per cent in the fines imposed.
The case marks another event in the Commission’s long running auto-parts investigation dating back to 2013.
The facts of the case go back some ten years. Imposing fines so long after the event raises questions about the compatibility of the investigation with the principle of good administration which requires investigations to be completed within a reasonable time.
https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1774
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