Mercedes fined for competition breach
21 Feb, 2013
German car-making giant Mercedes Benz has been fined for a breach in competition law.
The car manufacturer and three commercial dealers – Ciceley, Road Range and Enza – have been fined by the Office of Fair Trading (OFT) a total of £2.6 million, for infringements between 2008 and 2010.
According to the OFT the infringements included market sharing, price co-ordination, or exchange of commercially sensitive information.
The BBC reported that Ali Nikpay, OFT senior director of cartels, said: “These cases send a clear signal that the OFT will take firm action against companies that collude to deny customers the benefit of fair competition regardless of the size of the firms involved or geographic scope of the investigation.
“These examples also underline that the OFT can uncover cartels even in cases where the businesses involved do not blow the whistle, as well as being a concrete illustration of the benefits of businesses acting quickly and co-operating at the earliest opportunity so as to qualify for immunity from fines.”