EU fines German suppliers Brose, Kiekert $21M over cartels

BRUSSELS — The European Commission said in a statement on Tuesday that it had fined German suppliers Brose and Kiekert a combined 18 million euros ($21.0 million) for taking part in two cartels.

Brose took part in a cartel with Canada’s Magna in the supply of door modules and window regulators for some Daimler vehicles. Magna and Kiekert formed a cartel concerning latches and strikers to BMW and Daimler.

Magna was not fined as it revealed both cartels to the Commission.

The suppliers coordinated pricing behavior and exchanged commercially sensitive information to preserve their existing businesses and keep prices up.

The Commission, which oversees competition policy in the 27-member European Union, has conducted a series of major investigations into suppliers since 2013, imposing a total of 2.17 billion euros in fines.

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