Wednesday, September 25, 2013

Reuters: Regulatory News: German cartel office searches six car suppliers for price fixing

Reuters: Regulatory News
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German cartel office searches six car suppliers for price fixing
Sep 25th 2013, 07:46

BERLIN, Sept 25 | Wed Sep 25, 2013 3:46am EDT

BERLIN, Sept 25 (Reuters) - Germany's Cartel Office conducted searches at six automotive suppliers on suspicion they have been fixing prices since at least 2002 in the market for car-boot furnishings, the Bonn-based authority said on Wednesday.

Car-parts maker Magna International said its German operations have been searched as part of the probe and pledged to cooperate with antitrust authorities.

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