Antitrust Antitrust

Magna International, Magna do Brasil settle international cartel probe of auto access mechanisms in Brazil

By Ana Paula Candil
  • 22 Jun 2022 21:54
  • 22 Jun 2022 22:16
Magna International, Magna do Brasil Produtos e Serviços Automotivos and an individual linked to them, Agnaldo Cervone, have agreed to pay a total of roughly 6 million reais ($1.2 million) to settle an international cartel probe into automotive-access mechanisms in Brazil.

The Tribunal of the Administrative Council for Economic Defense, or CADE, today

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