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EC fines six in car air conditioning cartel €155 million

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Staff Writer | Wednesday March 8, 2017 8:12AM ET
Denso
Auto industry   Denso was not fined

The European Commission has fined Behr, Calsonic, Denso, Panasonic, Sanden, and Valeo a total of €155 million for taking part in one or more of four cartels concerning supplies of air conditioning and engine cooling components to car manufacturers in the European Economic Area (EEA).


All six suppliers acknowledged their involvement in the cartels and agreed to settle the case.

Denso was not fined for three of the cartels as it revealed their existence to the Commission. Panasonic was not fined for one of the cartels as it revealed its existence to the Commission.

The six car component suppliers addressed in this decision coordinated prices or markets, and exchanged sensitive information, for the supply of climate control components and engine cooling components to certain car manufacturers in the EEA.

These suppliers are Behr (Germany), Calsonic (Japan), Denso (Japan), Panasonic (Japan), Sanden (Japan) and Valeo (France).

The coordination took place at meetings, notably through trilateral meetings in Europe in one of the cartels, and through other collusive contacts in Europe and Japan through bilateral meetings, by email or phone.

 

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