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Robert Bosch settles international brake systems cartel probe in Brazil

By Paula Mariane ( May 10, 2023, 15:46 GMT | Insight) -- Engineering and technology company Robert Bosch has agreed to pay 4.5 million reais in Brazil to settle a probe into an alleged international cartel in the brake systems market. The majority of the Tribunal of the Administrative Council for Economic Defense, or CADE, today ratified in a ruling session the settlement agreement negotiated by the Superintendence.Engineering and technology company Robert Bosch has agreed to pay 4.5 million reais ($907,074) in Brazil to settle a probe into an alleged international cartel in the brake systems market and its effects in Brazil....

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