Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • fx
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home

    Brussels fines six car suppliers EUR 155m over cartels

    npsBy nps9 March 2017Updated:25 June 2024 No Comments3 Mins Read
    — Filed under: Cars Competition EU News Headline2
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Brussels fines six car suppliers EUR 155m over cartels

    Margrethe Vestager – Photo © European Union 2017

    (BRUSSELS) – The EU Commission fined six car suppliers a total of EUR 155m Wednesday for taking part in cartels supplying air conditioning and engine cooling components to manufacturers in Europe.

    All six suppliers – Behr (Germany), Calsonic (Japan), Denso (Japan), Panasonic (Japan), Sanden (Japan) and Valeo (France) – have 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.

    Announcing the fines, Competition Commissioner Margrethe Vestager reiterated the EU executive’s determination to root out cartels “that affect the European market, wherever and however they may be organised.”

    The six car component suppliers coordinated prices or markets, and exchanged sensitive information, for the supply of climate control components and engine cooling components to certain car manufacturers in the EEA. The coordination took place at meetings, notably through trilateral meetings in Europe in one of the cartels, and through other collusive contacts in Europe and Japan through bilateral meetings, by email or phone.

    Climate control systems protect passengers from outside temperatures and allow them to regulate inside temperatures. Climate control components include heating-ventilation-air conditioning (HVAC) units, compressors, and e-compressors for electric and hybrid cars. Engine cooling modules (radiators and fans) serve to remove waste heat from the engine compartment.

    The EU decision forms part of a series of major investigations into cartels in the automotive parts sector. The Commission has already fined suppliers of automotive bearings, wire harnesses in cars, flexible foam used (inter alia) in car seats, parking heaters in cars and trucks and alternators and starters.

    In setting the level of fines, the Commission took into account, in particular, the sales value in the EEA achieved by the cartel participants for the products in question, the serious nature of the infringement, its geographic scope and its duration.

    Under the Commission’s 2006 Leniency Notice, Denso received full immunity for revealing three of the cartels (thereby avoiding an aggregate fine of ca. € 287 million); Panasonic received full immunity for revealing one of the cartels (thereby avoiding an aggregate fine of ca. € 200 000); and Behr, Calsonic, Denso, Sanden and Valeo benefited from reductions for cooperating with the investigation.

    The Commission also applied a 10% reduction in the fines in view of their acknowledgement of participation in the cartel and of their liability in this respect.

    More information on this case will be available under the case number AT.39960 in the public case register on the Commission’s competition website, once confidentiality issues have been dealt with.

    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    EU approves EUR 300m for common defence procurement projects

    EU proposes e-declaration for the posting of workers

    EU calls on Apple to end geo-blocking on media services

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    EU artificial intelligence factories set for 2025

    Council agrees reform of EU VAT rules for the digital age

    LATEST EU NEWS

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    EU artificial intelligence factories set for 2025

    13 November 2024
    BRIEFING

    Agenda

    This week, COP29 begins in Azerbaijan; finance ministers discuss the EU's annual budget for 2025; and MEPs hold a plenary session on EU-US relations, EU summits, deforestation and COP 29...

    EUbusiness Week

    This week competitiveness and environment ministers will hold informal meetings…

    Eurozone Economic Calendar

    Key economic calendar events for the week 11 to 16 November 2024

    The Week's Top Stories

    This week competitiveness and environment ministers will hold informal meetings…

    Advertisement

    Subscribe to EUbusiness Week

    Get the latest EU news

    Latest Posts

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Tems
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025
    Design and developed by : Dotsquares

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok