Reuters: Regulatory News: Spain's competition regulator probes alleged car cartel

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Spain's competition regulator probes alleged car cartel Sep 4th 2013, 11:04 MADRID, Sept 4 | Wed Sep 4, 2013 7:04am EDT MADRID, Sept 4 (Reuters) - Spain's antitrust regulator CNC said on Wednesday it is investigating possible price-fixing activity in the country by some of the world's largest car firms. The probe will look at potential price-fixing and the sharing of market-sensitive data between dozens of Spanish affiliates of, amongst others, Volkswagen, Renault , Peugeot, Fiat, Nissan, Toyota, Honda and General Motors. "These are considered very serious (alleged offences) that could lead to fines of up to 10 percent of total (Spanish) annual turnover," the CNC said in a statement.

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