14.042009

The Hellenic Competition Commission imposes 9,5 million euro fine on Fiat Hellas for resale price maintenance

By unanimous decision No. 437/V/2009 of 19 March 2009, the HCC found that Fiat Auto Hellas SA violated articles 1 Law 703/77 and 81.1 EC Treaty (a) by imposing from year 1997 to 2000 very low profit margins on its distributors, in effect restricting intra-brand competition and (b) by fixing resale prices for spare parts and man-hour charges for repair and servicing for the period 1/7/1994-31/12/1994.