Tag Archive | "european commission"

SUPPLIERS FINED IN RECENT CARTELS

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SUPPLIERS FINED IN RECENT CARTELS


Another cartel has been exposed

The European Commission has fined OE suppliers Bosch, Continental and NGK a total of €151M, after participating in one or more of five historic cartels concerning the supplies of spark plugs, hydraulic and electronic brake system components to VMs in Europe.

The first cartel lasted from 2000 until 2011 and aimed at avoiding competition by respecting each other’s traditional customers and maintaining the existing status quo in the spark plugs industry in the European Economic Area.

The second and third related to the supply of various braking components including electronic parking brake systems between 2007 and 2011.

All suppliers acknowledged their participation in these cartels and agreed to settle the
case. Denso was also involved in the first cartel, but was not fined after revealing the existence of its cartel to the Commission. TRW also escaped fines altogether for disclosing the second and third cartels, while Continental avoided charges for one of the two cartels it participated in on the same grounds.

Commissioner Margrethe Vestager, who is in charge of competition policy said: “These cases are about collusion at the expense of car makers. But in the end, any extra costs these carmakers may have incurred could potentially be passed on to final consumers when they buy a car. So our work will help to make sure that those markets work fairly for consumers.” She concluded added: “Today’s decisions are unrelated to our investigation that several German carmakers might have broken EU competition rules. That is still ongoing”.

“We will be active in this area as long as we keep finding companies that hope to
make higher profits by colluding instead of competing.”

Previously, bearing suppliers and air conditioning component makers have been fined under the same anti-trust rules for colluding against vehicle manufacturers.

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TRADE CONNECTIONS KEEP OBD PORT OPEN

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TRADE CONNECTIONS KEEP OBD PORT OPEN


The latest rumblings from Europe are that the OBD port will remain to be fitted to vehicles, even in the age of ‘over the air’ diagnostics and software updates.

Lobbying from various trade groups, both in the UK and on the Continent have persuaded the EU council’s main preparatory body has agreed that the socket should remain.

All is not plain sailing however. There is still the possibility of the legislation being vetoed as it has to be voted on by both the EU Parliament and the EU Council, plus the ruling states that the port only has to work ‘when the vehicle is in motion’, meaning VMs could still get around key-on-engine-off diagnostics.

The IAAF was one of the trade bodies involved in the negotiations. Chief Executive Wendy Williamson said: “This is fantastic news, and although not the end game it’s a significant step towards keeping the OBD port alive.

“The missing OBD connector would impact not just on garages but the entire spare parts supply chain including manufacturers, distributors, producers of diagnostic equipment and dedicated software for the OBD connector, as well as millions of consumers who would no longer have a competitive choice in vehicle servicing and repair.”

The agreement will now need to be approved by the EP IMCO Committee before it is submitted for approval. If approved by the European Parliament, the new regulation will come into play from 1 September 2020.

 

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VALEO COMPLETES FTE AUTOMOTIVE ACQUISITION

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VALEO COMPLETES FTE AUTOMOTIVE ACQUISITION


Parts maker Valeo has completed the acquisition of actuator firm FTE Automotive, having received clearances from the European Commission and the Turkish Competition Authority. All FTE employees will transfer to Valeo.

Valeo says that the acquisition will allow it to expand its offering of active hydraulic actuators, a fast-growing market that has benefited from the rise of hybrid and electric vehicles.

Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, said: “With the acquisition of FTE Automotive, Valeo is positioning itself as the technological leader on the actuators market and thereby consolidating its CO2 emissions reduction strategy. This acquisition will help strengthen Valeo’s Powertrain Systems business. We are happy to welcome FTE’s 3,800 employees to the Valeo Group.”

In 2016, FTE Automotive generated sales of around 550 million euros. The company has more than 3,800 employees and a diversified manufacturing footprint in eight countries, including Germany, the Czech Republic, Slovakia, Mexico and China.

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EUROPEAN COMMISSION FINES A/C SUPPLIERS CARTEL

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EUROPEAN COMMISSION FINES A/C SUPPLIERS CARTEL


The European Commission has fined OE equipment suppliers Behr, Calsonic, Denso, Panasonic, Sanden and Valeo a total of EU €155 million for taking part in one or more of four cartels concerning supplies of air conditioning and engine cooling components to VMs in Europe.

Although the fine has only just been handed out, the offences date back to 2009.

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.

Commissioner Margrethe Vestager, in charge of competition policy said: “Even though air conditioning and cooling components are not something you see as products, they are very much something you feel. In this case you might also have felt it in your wallet even though temperatures would still be regulated in your car. Today’s decision underlines that we do not accept cartels that affect the European market, wherever and however they may be organised.”

 

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