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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: EU breaks car glass cartel with 1.4-billion-euro fine AFP - 1 hour 53 minutes ago BRUSSELS (AFP) - - The European Commission on Wednesday slapped a fine of 1.4 billion euros on four car glass makers marking the biggest penalty ever imposed in a cartel case. Europe's top antitrust watchdog accused Asahi, Pilkington, Saint-Gobain and Soliver of carving up the market for car glass in Europe among themselves and sharing trade secrets between early 1998 and early 2003. "These companies cheated the car industry and car buyers for five years in a market worth two billion euros in the last year of the cartel," EU Competition Commissioner Neelie Kroes said. "The commission has imposed such high fines because it cannot and will not tolerate such illegal behaviour," she added. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo A Pilkington glass factory logo is reflected in the doors of the headquarters in St Helens, north-west England, February 2006. The European Commission on Wednesday slapped a fine of 1.4 billion euros on four car glass makers, including Pilkington, marking the biggest penalty ever imposed in a cartel case. Most Popular – Top Stories Viewed Britney Spears's son hospitalized: statement Ancient 4,300-year-old pyramid discovered in Egypt US expands record bailout of insurance giant AIG Obama, Bush discuss world of challenges Swiss fear more pressure on bank secrecy after Obama victory View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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