European Commission fines car parts suppliers € 18 million

The European Commission fined Brose and Kiekert approx. € 18 million for participating in two cartels involving supply of closure systems for cars. The undertaking called Magna avoided fine as it revealed the existence of the cartel to the European Commission. The press release dated 29 September 2020 about the decision of the European Commission is available at https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1774