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Skoda Auto fined $1.95 mn for margin fixing

Friday, May 29, 2015

The fine was imposed in December. The office postponed the public release of its ruling due to confidential information it had to remove from the decision, a spokeswoman said.

The Czech anti-monopoly office (UOHS) fined Volkswagen's Czech unit Skoda Auto $1.95 million for margin fixing with distributors in 2011 and 2012, the office said on its website on Thursday.

The fine was imposed in December. The office postponed the public release of its ruling due to confidential information it had to remove from the decision, a spokeswoman said.

Skoda Auto is the country's top exporter employing about 24,600 people including temporary staff and provides work for tens of thousands more at supplier companies. It made a record operating profit of 817 million euros last year.

 

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