PARIS – Four suppliers of welding electrodes to Renault SA and PSA Peugeot Citroen are fined a total of €101,000 ($133,000) for price fixing in 2001-2002 and 2004-2005. According to the French Autorite de la Concurrence (Competition Authority), the auto makers previously ordered the copper alloy electrodes used in body shops as needed from a number of companies. In 2002, Renault began auctioning the business through a competitive bidding process, and PSA followed in 2005. A former ...
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