Arab Today, arab today spain fines automobile sector for cartel practices
Last Updated : GMT 02:18:18
Arab Today, arab today
Arab Today, arab today

Spain fines automobile sector for cartel practices

Arab Today, arab today

Arab Today, arab today Spain fines automobile sector for cartel practices

Volkswagen group
Madrid - XINHUA

Spain's competition authorities have fined 21 car manufacturers and distributors for cartel practices with a record 171 million euros (189 million U.S. dollars) fine, economic newspaper Expansion reported Wednesday.

According to the National Markets and Competition Commission (CNMC), these companies "exchanged commercially sensitive and strategic information in the Spanish vehicle distribution and after-sales market for the brands involved."

The companies fined were Spanish subsidiaries and distributors of BMW, Chevrolet, Citroen, Fiat, Chrysler, General Motors, Hyundai, Honda, Mazda, Mitsubishi, Mercedes Benz, Nissan Renault, Peugeot, Volvo and Toyota.

On the other hand, Volkswagen group, which includes VW, Audi, Skoda and Porche, and Seat were not fined because of their collaboration in providing evidence for the inspections.

Meanwhile, Spain's Association of Car Manufacturers (ANFAC) said in a press release that Spain's automobile sector was one of the most competitive in Europe.

They argue that there are more than 50 brands in the market and between 11 and 14 different models per brand that offer high levels of discounts. Enditem

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain fines automobile sector for cartel practices Arab Today, arab today spain fines automobile sector for cartel practices

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain fines automobile sector for cartel practices Arab Today, arab today spain fines automobile sector for cartel practices

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday