The European Commission imposed fines of EUR368,277,000 on Autoliv and TRW for their participation in a cartel relating to car safety equipment. This is the 29th EU cartel settlement since the first settlement decision was taken in May 2010.
Takata received full immunity from fines under the Leniency Notice.
The three companies acknowledged their involvement in the cartel and the fines reflect a 10% reduction under the settlement procedure.
The Commission found infringements relating to the supply of seatbelts, airbags and steering wheels to the Volkswagen and BMW Groups where the parties exchanged commercially sensitive information and co-ordinated their market behaviour through meetings, calls and e-mails.
According to the Commission, the Volkswagen and BMW Groups sell around three of every ten cars bought in Europe. The Commission concluded that the cartel therefore had a significant effect on competition in the EU.
Case AT.40481. Commission press release IP/19/1512.
“All in all a very good service. Correct advice given and quick response to our offices. Clerks were friendly and efficient."Legal 500 (2015)
‘Deals with all types of serious crime.’Legal 500 (2016)