The European automotive interiors industry is under investigation by the German anti-trust authorities on suspicion of fixing prices since at least 2002 on certain nonwoven and textile components employed in such areas as flooring systems and boot linings.
The offices of Autoneum, Borgers, Faurecia, IAC Group, Magna International and one other company have been searched by the Bundeskartellamt (German Federal Cartel Office) in the German states of Baden-Wuerttemberg, Bavaria, Hesse, Lower Saxony and North Rhine-Westphalia.
All of the suppliers have pledged to co-operate with the investigation.
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