Car component manufacturers under scrutiny as cartel fines hit record high

25.11.08 Share

 

Only this month, the European Commission imposed its highest total and individual fines yet on an illegal market-sharing cartel which took place in the car glass manufacturing sector. Totalling the eye-watering sum of €1.384 billion, this fine marks more than ever the current Competition Commissioner's resolve to give the EU competition rules serious "bite".

Wragge & Co's antitrust experts have put together a detailed analysis of the implications for the car sector and some tips for action to take to avoid this worst case scenario.

Key Contact

Bernardine Adkins, partner, +44 (0)121 685 2802, bernardine_adkins@wragge.com

This alert may contain information of general interest about current legal issues, but does not give legal advice.