Valeo: no fine from EU after collusion.

(CercleFinance.com) - The European Commission has fined Automotive Lighting and Hella a total of 26,744,000 euros for participating in an automotive lighting cartel, in breach of EU antitrust rules.


Valeo was not fined as it revealed the cartel to the Commission. All companies admitted their involvement and agreed to settle.

The Commission's investigation revealed that, for more than three years, Automotive Lighting, Hella and Valeo coordinated prices and other trading conditions for the supply of vehicle lighting systems, across the European Economic Area (EEA).


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