European Commission announces fines

The European Commission (EC) has announced fines for car parts makers Autoliv and TRW (now acquired by ZF Friedrichshafen) for a cartel in the supply of airbags, seatbelts and steering wheels to the Volkswagen and BMW groups.

Autoliv and TRW were fined €179m and €189m, respectively. Both co-operated with the investigation, the EC said.

Japanese safety equipment maker Takata (now acquired by Joyson Safety Systems) avoided a €195m fine for the same offence by revealing the existence of the collusion.

For the full story, see the April 2019 edition of MobileTex. Not a subscriber? Sign up HERE

Posted by Geoff Fisher on 12 April 2019

 

 

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