Wednesday, July 29, 2015

Spain sanction in collusion automotive – The Economist

The CNMC said in a statement posted on his website that he has sanctioned a total of 171 million euros to 21 companies present in the market for distribution and marketing of motor vehicles or the provision of services sales.

The National Commission on Competition and Markets Spain (CNMC) said in an article posted on its website announced that it has suspended for one total of 171 million euros to 21 companies present in the market for distribution and marketing of motor vehicles or the provision of after-sales services throughout the Spanish territory and two consulting firms, by contrary practices the Law on Protection of Competition.

The reaction of the sector companies grouped in Anfac was immediate and in a statement said that no “shares that cast doubt on competition in the Spanish market automobile “and explains that the automotive sector is among the most competitive in Europe.

According to the document prepared by the CNMC, it considers that such practices are constitutive cartel. Specifically, consider proven a single and continuous infringement, consisting of both current and future highly disaggregated and systematic exchange of commercially sensitive confidential information, covering almost all the activities of the undertakings penalized by its distribution network and sales .

The combined market share of the participating brands in the conduct examined in this disciplinary proceedings reaches around 91% of car distribution in Spain, including almost all so-called generalist brands and some of called premium. It has been established that the companies developed such exchanges of information with obvious concealment and secrecy.

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