Spanish Car Rental Companies Face Fines in Excess of $3M

The National Commission for Markets and Competition (CNMC) fined 11 Spanish car rental companies more than $3 million combined following an investigation of price fixing through airport operator Aena and its subsidiary Aena Aeropuertos, who were fined more than $1.2 million, according to a report by Euro Weekly News. The price fixing took place in airports all over Spain.

Over a span of 13 years leading up to September 2012, the CNMC found that car rental companies exchanged commercially sensitive information with the ‘necessary collaboration’ of the airport operator, a forbidden practice that hinders free market competition in Spain’s car rental sector, says the report.

The rental companies facing fines include Hertz ($709,837), Europcar (over $1.17 million), Atesa ($756,339), Canary Islands ($176,433), Special Prices Auto Reisen ($65,650), Top Cars Auto Reisen ($43,766), Autos Cabrera Medina ($21,883), ) and Coral Car ($21,610), Payless Car ($17,301) and Owners Cars ($3,556).

Click here for the full Euro Weekly News article:
http://www.euroweeklynews.com/news/item/118304-car-rental-companies-and-aena-fined-for-car-rental-price-fixing

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