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Huge fines for companies price fixing glass used in cars

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Huge fines for companies price fixing glass used in cars

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The European Commission has fined four companies Asahi, Pilkington, Saint-Gobain and Soliver more than 1.3 billion euros for fixing the price of glass used in cars.
The cartel fines are the largest ever levied by the EU antitrust regulators.
In 2005, EU authorities raided several car glass companies following a tip-off from “an anonymous informant.”
The breakdown is as follows, Saint-Gobain must pay 896 million euros, Pilkington 370 million, Asahi 113 million and Belgium’s Soliver 4,396 million euros.
Saint-Gobain had its fine upped by 60 percent for a repeat offence.
The company said it is to appeal the decision to the European Court of Justice, the EU’s highest court.