France Fines 4 Auto Suppliers In Price-Fixing Probe

Law360, New York (December 16, 2010, 6:45 PM EST) -- France's antitrust regulator has fined four automotive parts suppliers a total of €101,000 ($133,000) for allegedly colluding to fix prices of copper alloy welding electrodes supplied to automakers Renault SA and PSA Peugeot-Citroen.

The fines imposed on French suppliers Le Bronze Industriel SAS, Schrub SAS and Ohlman SA and Spanish supplier Weldur SARL were lower than they would normally be because of the precarious financial states of the four companies, the Competition Authority said Thursday.

The antitrust watchdog also named U.K.-based R&W Cushway & Co Ltd....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.