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EU’s tire cartel probe centers on earnings calls disclosures, enforcer says

By Nicholas Hirst ( January 23, 2025, 17:38 GMT | Insight) -- Tire makers’ comments on earnings calls and their reaction to rivals’ disclosures are at the heart of an EU cartel probe into the sector, a senior enforcer has said. Maria Jaspers also said companies that hesitate to reveal a cartel to enforcers risk being beaten to it by employee whistleblowers and then losing the benefit of immunity. She also took a swipe at litigants in the US that file class actions there within hours of EU dawn raids. Tire makers’ comments on earnings calls and their reaction to rivals’ disclosures are at the heart of an EU cartel probe into the sector, a senior enforcer has said. ...

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