Operations

German Cartel Authority Raids Car Parts Makers

Sept. 25, 2013

Canadian group Magna said that it was one of the companies targeted in the raids.

FRANKFURT -- The German competition watchdog has carried out searches at six car parts makers on suspicion of price-fixing, officials and one of the groups involved, Magna of Canada, (IW 1000/148) said Wednesday.

The Federal Cartel Office suspects the groups -- which it did not name -- of being involved in illegal price-fixing for car boot fittings and carpeting since 2002.

Canadian group Magna said that it was one of the companies targeted in the raids.

It said it would cooperate with the German authorities.

The searches were conducted in the states of Baden-Wuerttemberg, Hesse, Lower Saxony, North Rhine-Westphalia and Bavaria.

Copyright Agence France-Presse, 2013

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.