Car, Tell: Quintet of Safety Suppliers Fined for Price Fixing

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It appears the fictional JR Ewing isn’t the only one having to deal with cartels. Antitrust regulators in the EU have fined five safety equipment suppliers a combined 34 million euros ($40 million) for taking part in a scheme to fix prices for seat belts and airbags sold to Japanese automakers. The cartels were allegedly […]

The post Car, Tell: Quintet of Safety Suppliers Fined for Price Fixing appeared first on The Truth About Cars.

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#toyota
#honda
#suzuki
#safety
#suppliers
#airbags
#takata
#cartel
#price fixing
#news blog
#european union