Tag #Cartel

Showing 13 to 24 of 29 results

spanish.china.org.cn

🌐 85% Global Worthiness

Apr 2, 10:18

EU Fines 15 Automakers €458 Million for Recycling Cartel

Fifteen car manufacturers and their trade association were fined €458 million by the EU for participating in a recycling cartel from 2002-2017, involving agreements to suppress competition in advertising recycling rates and avoid payments to dismantlers.

EU Fines 15 Automakers €458 Million for Recycling Cartel

Fifteen car manufacturers and their trade association were fined €458 million by the EU for participating in a recycling cartel from 2002-2017, involving agreements to suppress competition in advertising recycling rates and avoid payments to dismantlers.

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What were the key anti-competitive actions taken by the car manufacturers and their association, and what were the immediate consequences?

The European Union fined 15 car manufacturers and their trade association €458 million ($495 million) for participating in a recycling cartel that lasted from 2002 to 2017. The cartel involved suppressing competition in advertising vehicle recycling rates and avoiding payments to vehicle dismantlers. This resulted in reduced consumer awareness and demand for environmentally friendly products.

liberation.fr

🌐 85% Global Worthiness

Apr 1, 22:12

€458 Million Fine for Automakers in EU Recycling Cartel

The European Commission fined 15 European automakers €458 million for a 15-year price-fixing cartel on vehicle recycling from 2002-2017, with Volkswagen, Renault/Nissan, and Stellantis receiving the largest penalties; Mercedes-Benz avoided a fine for whistleblowing, and the ACEA was fined €500,000 f...

€458 Million Fine for Automakers in EU Recycling Cartel

The European Commission fined 15 European automakers €458 million for a 15-year price-fixing cartel on vehicle recycling from 2002-2017, with Volkswagen, Renault/Nissan, and Stellantis receiving the largest penalties; Mercedes-Benz avoided a fine for whistleblowing, and the ACEA was fined €500,000 f...

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How did the ACEA contribute to the cartel, and what role did the suppression of information about recycled materials play in the scheme?

The cartel, facilitated by the European Automobile Manufacturers' Association (ACEA), involved coordinating to avoid paying recycling fees and suppressing information about recycled materials in new vehicles. This anti-competitive behavior aimed to limit consumer pressure for increased sustainability.

zeit.de

🌐 75% Global Worthiness

Mar 5, 19:13

Court Reduces Cartel Fine Against Otto Fuchs to 30 Million Euros

The Düsseldorf Higher Regional Court significantly reduced a 145 million euro cartel fine against aluminum forging company Otto Fuchs to 30 million euros, following an appeal of a 2020 Federal Cartel Office decision, citing the limited impact of the information exchange.

Court Reduces Cartel Fine Against Otto Fuchs to 30 Million Euros

The Düsseldorf Higher Regional Court significantly reduced a 145 million euro cartel fine against aluminum forging company Otto Fuchs to 30 million euros, following an appeal of a 2020 Federal Cartel Office decision, citing the limited impact of the information exchange.

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How did the court's assessment of the nature and impact of the information exchange affect the final penalty imposed on Otto Fuchs?

The court found that Otto Fuchs representatives engaged in years of illegal information exchange regarding cost and price components with aluminum manufacturers, impacting automotive suppliers and manufacturers. The reduced fine reflects the court's assessment that the exchanged information was often non-specific and affected a small cost percentage, limiting profit/loss potential despite high turnover.

apnews.com

🌐 90% Global Worthiness

Feb 28, 22:09

Mexico Extraditions to U.S. Follow Tariff Threat

On Friday, Mexican drug cartel boss Rafael Caro Quintero and 28 other prisoners were extradited to the U.S. to face drug trafficking and murder charges, including the 1985 killing of DEA agent Enrique Camarena, following President Trump's threat of imposing tariffs on Mexican goods.

Mexico Extraditions to U.S. Follow Tariff Threat

On Friday, Mexican drug cartel boss Rafael Caro Quintero and 28 other prisoners were extradited to the U.S. to face drug trafficking and murder charges, including the 1985 killing of DEA agent Enrique Camarena, following President Trump's threat of imposing tariffs on Mexican goods.

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How did the threat of U.S. tariffs on Mexican goods influence Mexico's decision to extradite the prisoners?

The extradition of 29 Mexican prisoners, including high-ranking cartel leaders, to the U.S. followed President Trump's threat of imposing tariffs on Mexican imports. Mexico framed the transfer as a national security decision, asserting it wasn't solely a concession to the U.S. but also aimed to address Mexico's internal security issues. The transfer resolved a long-standing issue for the Camarena family, who had pursued justice for decades.

aljazeera.com

🌐 85% Global Worthiness

Feb 28, 19:10

Mexico Extraditions Preempt U.S. Tariffs

Mexico extradited 29 cartel members to the U.S., including Rafael Caro Quintero, days before potential 25% tariffs on Mexican imports, in a move observers see as a response to President Trump's pressure regarding drug trafficking.

Mexico Extraditions Preempt U.S. Tariffs

Mexico extradited 29 cartel members to the U.S., including Rafael Caro Quintero, days before potential 25% tariffs on Mexican imports, in a move observers see as a response to President Trump's pressure regarding drug trafficking.

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What is the direct impact of Mexico's extradition of 29 cartel figures on U.S.-Mexico relations, considering the imminent threat of tariffs?

Mexico extradited 29 drug cartel figures to the U.S., including Rafael Caro Quintero, a move seen as a response to President Trump's threat of 25% tariffs on Mexican imports. This is Mexico's largest extradition in years, exceeding the approximately 65 extraditions between 2019 and 2023. The extradited individuals face charges including drug trafficking, murder, and money laundering.

lemonde.fr

🌐 85% Global Worthiness

Dec 19, 10:09

€611 Million Fine for French Appliance Price-Fixing Cartel

Ten French appliance manufacturers and two distributors were fined €611 million by the French Competition Authority for price-fixing between 2007 and 2014, using tactics to restrict online sales and maintain higher prices for consumers.

€611 Million Fine for French Appliance Price-Fixing Cartel

Ten French appliance manufacturers and two distributors were fined €611 million by the French Competition Authority for price-fixing between 2007 and 2014, using tactics to restrict online sales and maintain higher prices for consumers.

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How did the price-fixing scheme target online retailers, and what role did major traditional retailers play in its implementation?

This price-fixing cartel, involving major brands like BSH, Electrolux, and Whirlpool, aimed to stifle competition from online sellers and preserve inflated consumer prices. Methods included restricting online sales and using coded price suggestions, illustrating deliberate efforts to manipulate the market. Darty and Boulanger, major traditional retailers, actively participated.

lefigaro.fr

🌐 85% Global Worthiness

Apr 2, 01:14

EU Fines Automakers €458 Million for Vehicle Recycling Cartel

The European Commission fined 15 major automakers and the ACEA €458 million for a 15-year cartel on vehicle recycling, involving information sharing, suppressed competition, and concealed recycled material usage; Mercedes-Benz avoided a fine by revealing the cartel.

EU Fines Automakers €458 Million for Vehicle Recycling Cartel

The European Commission fined 15 major automakers and the ACEA €458 million for a 15-year cartel on vehicle recycling, involving information sharing, suppressed competition, and concealed recycled material usage; Mercedes-Benz avoided a fine by revealing the cartel.

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How did the ACEA facilitate the cartel, and what role did information sharing play in the anti-competitive behavior?

The cartel, operating from 2002 to 2017, involved agreements to avoid competing on recycling efforts and sharing information on deals with dismantling companies. This anti-competitive behavior limited consumer awareness of environmentally friendly vehicle options and hindered market efficiency. Companies like Renault, Stellantis, Toyota, and Volkswagen received significant fines, ranging from €23 million to €127 million.

sueddeutsche.de

🌐 75% Global Worthiness

Mar 20, 16:13

German Cartel Office Finds Illegal Price Increases by District Heating Providers

The German Federal Cartel Office discovered that four district heating providers illegally increased prices between 2021 and 2023 by misrepresenting costs and underweighting market elements in their pricing formulas, exploiting their monopolistic market position, resulting in higher-than-permitted p...

German Cartel Office Finds Illegal Price Increases by District Heating Providers

The German Federal Cartel Office discovered that four district heating providers illegally increased prices between 2021 and 2023 by misrepresenting costs and underweighting market elements in their pricing formulas, exploiting their monopolistic market position, resulting in higher-than-permitted p...

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What specific pricing formula violations were found by the Bundeskartellamt during the investigation of German district heating providers, and how did these violations harm consumers?

Because district heating networks are natural monopolies—similar to railways or power grids—consumers are locked into their provider, unable to switch easily. This lack of competition allowed some providers to significantly raise prices during the energy crisis, prompting the Cartel Office's investigation. The investigation revealed that the illegal price increases were due to both underweighting the market element and misrepresenting actual costs in the legally mandated pricing formula.

english.elpais.com

🌐 90% Global Worthiness

Mar 3, 19:11

Mexico Averts Tariffs with Mass Cartel Leader Transfer to U.S.

Mexico transferred 29 cartel leaders, including Rafael Caro Quintero, to the U.S. to avert threatened tariffs and ease bilateral tensions, though the long-term impact remains uncertain.

Mexico Averts Tariffs with Mass Cartel Leader Transfer to U.S.

Mexico transferred 29 cartel leaders, including Rafael Caro Quintero, to the U.S. to avert threatened tariffs and ease bilateral tensions, though the long-term impact remains uncertain.

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How did past disputes, such as the Cienfuegos affair, contribute to the current context of the cartel leader transfers?

The transfer of cartel leaders addresses President Trump's demands to combat drug trafficking, particularly fentanyl. This action aimed to ease bilateral tensions stemming from past disputes, such as the Cienfuegos affair, and the broader issue of U.S. security agency operations in Mexico. This is particularly pertinent given Trump's history of aggressive trade negotiations.

cnn.com

🌐 90% Global Worthiness

Feb 28, 04:08

Mexico Extradites Caro Quintero and 28 Cartel Members to US

Mexico extradited notorious drug lord Rafael Caro Quintero and 28 other cartel members to the US on Thursday, marking a significant victory in the fight against drug trafficking and fulfilling a long-sought objective in the 1985 murder of DEA agent Enrique Camarena.

Mexico Extradites Caro Quintero and 28 Cartel Members to US

Mexico extradited notorious drug lord Rafael Caro Quintero and 28 other cartel members to the US on Thursday, marking a significant victory in the fight against drug trafficking and fulfilling a long-sought objective in the 1985 murder of DEA agent Enrique Camarena.

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What is the significance of Mexico extraditing Rafael Caro Quintero and 28 other cartel members to the US?

Mexico extradited Rafael Caro Quintero, founder of the Guadalajara cartel and a key figure in the 1985 murder of DEA agent Enrique Camarena, to the US. This follows his recapture in July 2022 and overturns his 2013 release on a technicality. The extradition also included 28 other cartel members.

jpost.com

🌐 75% Global Worthiness

Feb 21, 01:07

Israeli Supermarket Executives Indicted on Price-Fixing Charges

The Israel Competition Authority indicted four supermarket executives—Eyal Ravid (Victory), Eitan Yochananof (Yochananof and Sons), Elad Harazi (Yochananof and Sons), and Ephraim Tshuva (Super Bareket)—on charges of price-fixing and violating the Food Law following an investigation into the food ind...

Israeli Supermarket Executives Indicted on Price-Fixing Charges

The Israel Competition Authority indicted four supermarket executives—Eyal Ravid (Victory), Eitan Yochananof (Yochananof and Sons), Elad Harazi (Yochananof and Sons), and Ephraim Tshuva (Super Bareket)—on charges of price-fixing and violating the Food Law following an investigation into the food ind...

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How did the alleged price-fixing scheme operate, and what evidence supports the indictments?

The indictments allege a coordinated effort to raise consumer prices, involving Facebook posts, media interviews, and direct communications with suppliers. Ravid allegedly pressured suppliers to increase prices at competing retailers, hindering competition. This case highlights concerns about market manipulation and its impact on consumers.

smh.com.au

🌐 85% Global Worthiness

Dec 12, 07:09

ACCC Sues Ventia and Spotless for Alleged \$9.8 Billion Defence Contract Price-Fixing

The Australian Competition and Consumer Commission (ACCC) sued Ventia and Spotless, subsidiaries of Downer, for allegedly fixing prices on \$9.8 billion in Australian Defence contracts between 2019 and 2022, causing direct harm to taxpayers. The ACCC seeks penalties, declarations, and executive disq...

ACCC Sues Ventia and Spotless for Alleged \$9.8 Billion Defence Contract Price-Fixing

The Australian Competition and Consumer Commission (ACCC) sued Ventia and Spotless, subsidiaries of Downer, for allegedly fixing prices on \$9.8 billion in Australian Defence contracts between 2019 and 2022, causing direct harm to taxpayers. The ACCC seeks penalties, declarations, and executive disq...

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How did the alleged price-fixing impact the STIM20 program and government spending?

The alleged price-fixing involved four senior executives from Ventia and Spotless, who coordinated to inflate prices for services across over 200 ADF bases. One instance involved the STIM20 program, where they sought extra compensation beyond what Defence initially agreed to, resulting in increased costs for taxpayers. This behaviour undermines fair competition and government procurement.

Showing 13 to 24 of 29 results