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automotive bearings cartel outporters

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  • CCI finds cartel in the domestic industrial and

    CCI finds cartel in the domestic industrial and automotive bearings market but no penalty . By way of order dated 05.06.2020, the Competition Commission of India (“CCI/Commission”) has found FAG Bearings India Ltd. (now, Schaeffler India Ltd.).(“Schaeffler), National Engineering Industries Ltd. (“NEI”), SKF India Ltd. (“SKF‟) and Tata Steel Ltd., Bearing Division (“Tata Bearing ...

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  • Action claiming damages based automotive bearings

    2020-7-24 · On 23 July 2020, the CAT published an order of the High Court by which it transferred to the CAT a damages action brought by Fiat Chrysler and others against JTEKT Europe Bearings and other addressees of the European Commission's 2014 decision on the automotive bearings cartel.

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  • CCI Unearths a Cartel in the Domestic Industrial and ...

    2020-7-18 · CCI noted from the LA that when steel prices (a primary raw material for manufacturing bearings) started increasing from 2009, there was coordinated action among the five companies to pass on such increase to the automotive and industrial original equipment manufacturers (‘OEM Customers’) and in the distribution segment of the market across ...

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  • Microeconomics Automotive Bearings Cartel Case

    2019-3-21 · Microeconomics Automotive Bearings Cartel Case Study Answers. March 21, 2019 March 21, 2019 admin. In the spring of 2014, the EU Commission found that a number of European and non-European companies had formed a cartel in the market for automotive bearings. The Commissioned the cartel participants for an amount of € 953 million.

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  • Commission imposes fines for automotive bearing

    On 19 March 2014, the Commission imposed fines totalling over €953m on a number of producers of automotive bearings. This is the latest decision coming out of the Commission's investigations into anti-competitive conduct relating to components for the automobile industry.

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  • ‘Auto-bearings’ and ‘CBB’: the peculiar story of a

    2021-4-13 · The Japan Fair Trade Commission (the “JFTC”), having investigated into a price-fixing cartel case concerning industrial machinery bearings and automotive bearings, found a criminal violation of the Antimonopoly Act (the “AMA”) and filed today a criminal accusation with the Public Prosecutor-General against three companies including NSK ...

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  • The JFTC filed a criminal accusation on the price

    The case was initiated and instituted by the CCI in terms of an application dated 26 June 2017 filed by Schaeffler, disclosing cartel conduct in the domestic automotive and industrial bearings market under Section 46 of the Competition Act read with the Regulation 5 of the Competition Commission of India (Lesser Penalty) Regulations, 2009 (LPR ...

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  • CCI finds bearings manufacturers in contravention of

    2020-5-22 · their participation in an automotive ball bearings cartel. JKETK, a Japanese company, received full immunity for blowing the whistle on the conspiracy. The Commission’s other notable 2014 penalties include fines on makers of high-voltage power cables (EUR302m), three makers of car seat foam (EUR114m), four smart chip card producers

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  • Global Cartel Enforcement

    Summary of Commission Decision of 19 March 2014 (Case At.39922 - Bearings), published on 03/09/2014: en: 19.03.2014: Press Release, published on the web site: 05/06/2014: Commission fines producers of car and truck bearings € 953 million in cartel settlement: en: 17.03.2014: Report of the Hearing Officer

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