Competition Commission makes 21 charges against Takata SA
Global airbag and seatbelt manufacturer Takata Corporation and its local arm‚ Takata SA‚ will now face 21 charges after the Competition Commission referred additional cases of collusive tendering‚ price fixing and market division. The commission has added 17 more charges following the initial four that were referred to the Competition Tribunal for prosecution in March this year. The initial charges in March related to tenders issued in 2007 and 2008 for airbags, seatbelts and steering wheels fitted to certain BMW, Honda and Toyota vehicles sold in SA. Just four vehicles were involved in the first investigations, but a statement released by the commission on Monday advised that a further 25 model derivatives have now been added. These include models such as the Audi A6, BMW X5, Porsche Cayenne and Volkswagen (VW) Polo. "The cartel on car parts is one of the most extensive global cartels affecting most vehicle models and, therefore, a significant number of consumers globally‚ includin...
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