The European Commission has fined Automotive Lighting and Hella a total of €26,744,000 ($29.78 million) for participating in an automotive lighting cartel, in breach of EU antitrust rules. Valeo was not fined as it revealed the cartel to the Commission. All companies admitted their involvement and agreed to settle.
The investigation concerned the aftermarket segment for the supply of spare parts to original equipment manufacturer or their authorised service networks for passenger and commercial vehicles. The cartel relates solely to the original equipment spare parts market for car models whose production had ended.
Commissioner Margrethe Vestager, in charge of competition
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.