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The European Commission has issued fines for price-fixing totalling €546m ($668.7m) to a group of four shipping companies handling finished vehicles and, in three further cases, three tier suppliers of spark plugs and braking systems.Four of the major providers of ocean services to the automotive and commercial machinery sectors were ...
At the tail end of the 20th century, the automotive supply sector was a tough business to be in. The world’s carmakers had long since decided that the sprawling, vertically integrated manufacturing models of the past should be abandoned. Major OEMs spun out their component divisions as separate entities, narrowing ...