Bloomberg News

Behr Among Car-Parts Makers Raided by EU Antitrust Regulators

July 13, 2012

Behr GmbH was among makers of heating and cooling systems for cars raided by European Union antitrust regulators in May over a possible cartel.

The European Commission said the inspection was part of a wider ongoing investigation into alleged cartels in the auto- parts industry. It has previously raided producers of wire harnesses, car safety systems and bearings.

Behr said it faced probes by the EU and the U.S. Justice Department and would fully cooperate with both authorities.

“The investigation proceedings concern possible events that took place well in advance” of Mahle GmbH’s acquisition of a stake in Behr, the Stuttgart-based car-parts producer said in a statement on its website today.

Mahle, which has a 36.8 percent stake in Behr, won’t be affected by the EU probe, Behr said. Mahle first bought an interest in Behr in 2010.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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