https://www.miningweekly.com

Autoliv in R150m settlement deal with competition authorities

20th October 2017

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

One of the world’s largest manufacturers of airbags, seatbelts and steering wheels has agreed to pay an administrative penalty of almost R150-million, following its admission to having contravened the Competition Act.
Autoliv has concluded a settlement agreement with the Competition Commission for its involvement in prohibited practices such as price fixing, market division and collusive tendering with its competitors, namely TRW, Takata Group, Toyoda Gosei and Tokai Rika.

The settlement follows a commission investigation into collusive conduct against manufacturers of airbags, seatbelts and steering wheels (including Autoliv and its competitors) for allegedly fixing prices, dividing markets and colluding on tenders issued by car manufacturers, such as BMW Group and VW Group, for the manufacture and supply of airbags, seatbelts and steering wheels.

The commission initiated the complaint against Autoliv in August 2012.

The conduct affected tenders issued for the following vehicles: the VW Polo, the VW Golf, the Audi A1, A3, A6, A7, A8 and Q3, the VW 120Up, the VW Eos convertible, the Passat, the Porsche Cajun/Macan, the BMW X5 and X6, the BWW 5, 6 and 7 series and the M Sport.

The VW Polo is produced in South Africa.
The commission has filed the settlement agreement with the Competition Tribunal for confirmation.

The investigation against the other firms continues.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.795s - 110pq - 2rq
Subscribe Now