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Press conference by Joaquín Almunia, on an antitrust decision for producers of car and truck bearings

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On 19 March 2014, Joaquín Almunia, Vice-President of the EC in charge of Competition, held a press conference on the decision by the European Commission to impose fines totalling more than 953 million euro to companies that operated a cartel in the supply of bearings for cars and trucks. The EC found that the producers coordinated their pricing strategies for over seven years, from 2004 to 2011, in the whole European Economic Area (EEA). The six companies involved are JTEKT, NSK, NFC and NTN – all of Japan – as well as Schaeffler of Germany and SKF of Sweden.

Type: Complete press conference   Reference: I-087528   Date: 19/03/2014   Duration: 13:38 Location: Brussels - EC/Berlaymont  
Languages: ORIGINAL
© European Union2014   /   Source: Producer: EC - Audiovisual Service   /   Producer: Executive producer: ALL TV
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