Friday 29 May 2015

Skoda Auto fined CZK 49 million for margin fixing

Reuters reports that Škoda Auto has been fined CZK 49 million (which converts to a much less-impressive-souding £1.3 million) for margin-fixing. The penalty was imposed last December, but only now published after documents had been suitably redacted to remove confidential information. The manufacturer's offence was to fix margins with its Czech dealers in 2011 and 2012.



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