European Commission fines Brose and Kiekert USD21.1 million in cartel settlement

Policy & Regulation

Magna was let off without fine for revealing the cartels

The European Commission has fined Brose and Kiekert a total of EUR18 million (USD21.1 million) for taking part in two cartels concerning supplies of closure systems for cars in the European Economic Area (EEA), the Comission announced in a press release on 29 September

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