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Commission fines car parts suppliers of € 18 million in cartel settlement

Christian Fernsby |
The European Commission has fined Brose and Kiekert a total of € 18 million for taking part in two cartels concerning supplies of closure systems for cars in the European Economic Area (EEA).

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Magna was not fined as it revealed both cartels to the Commission.

Magna, based in Canada and Brose, based in Germany took part in a bilateral cartel concerning supplies of door modules and window regulators for a certain car model of Daimler group.

Magna and Kiekert, based in Germany, took part in a separate bilateral cartel concerning supplies of latches and strikers to BMW group and Daimler group. All three companies acknowledged their involvement in the cartels and agreed to settle the case.

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