OFFICIALS SWOOP ON EXHAUST SUPPLIERS OVER MORE CARTEL FEARS

by

Exhausts_300pxOfficials from the European Commission have swooped on several exhaust manufacturers in the EU over concerns of cartels, restrictive business practices and/or the abuse of dominant market positions.

Commission officials making the unannounced inspections were accompanied by counterparts from relevant national competition authorities. At this stage the manifold, catalytic converter and diesel particulate manufacturers are not being named.

A statement from the Commission said: “The fact that the Commission carries out such inspections does not mean that the companies are guilty of anti-competitive behaviour nor does it prejudge the outcome of the investigation itself.

“The Commission respects the rights of defence, in particular the right of companies to be heard in antitrust proceedings. Unannounced inspections are a preliminary step into suspected anticompetitive practices.”

There is no legal deadline for the Commission to complete inquiries into concerns of anticompetitive conduct.

Last week the Commission fined five automotive bearing suppliers nearly €1 billion for operating restrictive practices and cartels for more than seven years.

JTEKT’s fine was waived for bringing the activities to the Commission’s attention, but Schaeffler was fined €370,481,000, SKF €315,109,000, NTN €201,354,000, NSK €62,406,000 and NFC €3,956,000.

The Commission is also investigating other products including airbags, safety belts and steering wheels, air conditioning, engine cooling products and systems.

Delphi Academy to undergo £500,000 expansion

The Warwick-based academy will double in size, adding new classrooms and technical areas

Read More

Temporary exemption MOT certificates announced in Northern Ireland

Certificates announced in a bid to reduce MOT waiting times

Read More

Movers & Shakers: new sales director at Shaftec

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

BullsEye Superfactors sold to employee-owned trust for eight-figure sum

The £4.5 million deal for the South Yorkshire firm will “safeguard the future of our business”, boss Adrian Wesbroom said

Read More

IAAF launching first summer conference in over 20 years

The conference will focus on addressing issues around skills, training and recruitment in the automotive aftermarket

Read More

Go to comments

Your email address will not be published. Required fields are marked *