EU competition regulators raid consultancy, possibly linked to prior tire industry monopoly case.


Recent news indicates that the EU competition regulators conducted a surprise inspection last week at a consultancy firm involved in the tire cartel case.

Last Tuesday, the EU competition regulators conducted a raid on a consultancy firm located in two EU countries, suspecting it of potentially violating EU antitrust regulations. This action follows a series of inspections conducted in January on several major tire manufacturers, the European Commission revealed.

The Commission did not disclose the name of the consultancy firm involved.

According to a statement from the European Commission, the committee is concerned that the consultancy firm might have facilitated or incited price coordination among tire manufacturers, an activity that allegedly involved the use of public communication channels for collusion.

Pirelli, Continental, Michelin, Bridgestone, and Nokian Tyres have confirmed the January EU inspections.

Companies found in violation of EU antitrust rules may face fines of up to 10% of their global annual turnover.



Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End



The challenges that monopolies pose to the economy need to be balanced through policy and regulation to protect consumer interests and promote the healthy development of the overall market.


Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.


Contact Us

Social Media