Spain’s National Markets & Competition Commission has announced a record €171 million fine for 20 car manufacturers and distributors for practices it believes “constitute a cartel”, the commission said in a press release.
The Spanish subsidiaries of Citroën, BMW, Chrysler, Chevrolet, Fiat, General Motors, Honda, Hyundai, Kia, Mazda, Mercedes Benz, Nissan, Peugeot, Renault, Toyota and Volvo have been fined between €265,50 and €22.8 million.
The smallest fine, of €256,50, was for Chrysler España SL, and the largest fine, of €22.8 million, for General Motors España SLU.
The commission “considers it proven that those sanctioned exchanged commercially sensitive and strategic information in the Spanish vehicle distribution and after-sales market for the brands involved”, adding the activities took place across Spain in marketing, after-sales and business management.
Full content: CNMC
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