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Tag: cartel
Daimler to Volvo Said to Face EU Complaint on Truck Cartel
2014-10-24 21:56:36| Appliances - Topix.net
Daimler AG and Volvo AB are among truckmakers poised to get a European Union antitrust complaint for suspected collusion, according to three people with knowledge of the probe. Volkswagen AG's MAN SE and Scania AB, CNH Industrial NV's Iveco, and Volvo's Renault Trucks are also involved in the case, said two of the people who asked not to be named because details are confidential.
Tags: face
truck
volvo
complaint
Samsung, Infineon, Philips fined for smart card chip cartel
2014-09-04 08:55:00| Telecompaper Headlines
(Telecompaper) The European Commission has found that Infineon, Philips, Samsung and Renesas coordinated their market behaviour for smart card chips, in breach of EU rules that prohibit cartels. The Commission imposed fines totaling EUR 138 million on three of the companies, while Renesas benefited from immunity after it revealed the cartel to the EC. An earlier attempt at a settlement with the companies proved unsuccessful. According to the Commission, the companies colluded through bilateral contacts in the period September 2003 to September 2005, when they discussed respective responses to customer requests to lower prices. The smart card chips are used in SIM cards, bank cards, identity cards and passports, pay TV cards, and various other applications. Infineon received the largest fine of EUR 82.8 million, and Philips will pay EUR 20.1 million. Samsung received a 30 percent reduction for cooperating, putting its fine at EUR 35.2 million.
Tags: card
samsung
smart
philips
Electronics giants fined for cartel
2014-09-03 15:18:12| BBC News | Business | UK Edition
Philips, Samsung and Infineon are fined 138m euros by the European Commission for fixing prices of chips used in smartphones.
Tags: electronics
giants
cartel
fined
EU court halves Sasol's cartel fine
2014-07-14 12:36:47| Oil & Gas - Topix.net
Sasol's e318 million antitrust fine has been cut by more than half after judges said EU regulators had wrongly blamed the petrochemicals firm for the behaviour of a unit.
Tags: fine
court
cartel
halves
SIM card cartel probe may finally result in fines
2014-06-24 17:05:34| Semiconductors - Topix.net
Apple, Nokia and RIM are vying to have rival Subscriber Identity Model-card designs recognized by the European Telecommunications Standards Institute as the industry standard for the "nano-SIM," a much smaller SIM card that is expected to come into use as phones become smaller and slimmer.