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Sep 16, 2005

Justice - Europe - EU Court Reduces DaimlerChrysler Fine

BRUSSELS, Belgium AP -Sept 15, 2005 :-/ The European Union's Court of Justice reduced an antitrust fine against automaker DaimlerChrysler AG on Thursday to 9.8 million euros ($12 million) from 71.8 million euros ($88.2 million), annulling a decision by EU regulators that it violated competition rules in Germany and Spain... The EU judges, however, upheld a decision on DaimlerChrysler's conduct in Belgium, where they said the company participated "in an anti-price-slashing agreement with the Belgian dealers"... In Spain, the EU court said DaimlerChrysler followed local law by forcing leasers to link each car with a contracted customer...

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