This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Continental Automotive Electronics, Continental Automotive Korea agree to plead guilty to bid-rigging of instrument panel clusters

( November 24, 2014, 20:43 GMT | Official Statement) -- MLex Summary: Continental Automotive Electronics and Continental Automotive Korea have agreed to plead guilty and pay a single $4 million criminal fine for bid-rigging of instrument panel clusters, the US Department of Justice announced. According to the one-count felony charge, the companies conspired to rig bids for instrument panel clusters sold to Hyundai and Kia. In addition to paying the fine, the companies have also agreed to assist the DOJ with its ongoing investigation into anticompetitive conduct in the automotive industry, the agency said.Release follows below:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections