EU fines 4 car parts makers 141.8 mln euros for taking part in cartel

BRUSSELS, July 10 Wed Jul 10, 2013 5:48am EDT

Related Topics

BRUSSELS, July 10 (Reuters) - The European Commission has imposed a 141.8 million euro ($181.30 million) fine on car part suppliers Yazaki, its subsidiary S-Y Systems, Furukawa Electric and Leoni for taking part in a car wire harnessing cartel.

Sumitomo Electric, which was also part of the cartel, was not fined because it had alerted regulators to the existence of the cartel.

Wire harnesses conduct electricity in cars for example to start the engine or open electric windows.

Reuters had reported the story on July 5. ($1 = 0.7821 euros) (Reporting by Robert-Jan Bartunek, editing by Foo Yun Chee)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.