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US antitrust fine against Bosch: Auto supplier has to pay 54 million euros

US antitrust penalty against Bosch
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B osch have sold spark plugs, starters and oxygen sensors at excessive prices to the car companies Daimler, VW, Ford and General Motors as well as the power tool manufacturer Stihl, reported the Stuttgarter Zeitung on Wednesday (April 1st, 2015)

The allegations are also has been confirmed by internal investigations, said a Bosch spokesman. There were personal consequences. The employees in question are partially retired or work in positions without customer contact.

The allegations against Bosch are part of an investigation by the US judiciary that has been ongoing for years against a number of suppliers in the automotive industry for the formation of a price cartel. So far, 34 companies pleaded guilty and paid fines totaling $ 2.5 billion, most of them from Japan. Several managers were also called to account and some were sentenced to prison terms. Bosch is the third European company to be indicted in the investigation.

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