EU Fines Hella, Automotive Lighting for Price Fixing
The European Commission has fined Hella and Magneti Marelli's Automotive Lighting unit a combined €27 million ($30 million) for their participation in fixing prices for headlamps and other lighting products.
Valeo SA, which also participated in the cartel, escaped a fine by cooperating with the EC’s investigation. The commission says the companies rigged bids and exchanged information about contract negotiations instead of competing with each other.
The fines are part of a continuing international investigation into price fixing among dozens of automotive suppliers in the U.S., Europe and Japan.
Ford has made an accomplishment that will never be bested, never even be tied.
The future of e-mobility depends on collaboration. Automotive companies will need to build business models based on strengths and limitations to tap into the EV value chain and fully capitalize on the opportunities within the new EV ecosystem.
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).