LONDON—Continental A.G and Pirelli & C. S.p.A. have confirmed they are being investigated as part of a European Commission (EC) cartel/antitrust investigation of the tire market.
As announced by the EC on Jan. 30, the probe is focused on the supply of new replacement tires for passenger cars, vans, trucks and buses sold in the European Economic Area.
In a statement shared with European Rubber Journal, Pirelli said it "confirmed" the correctness of its own conduct and that "it has always acted in full compliance with the law and regulations."
The Italian tire maker added that it would provide "full support" to the authorities in the context of the ongoing investigation.
German tire maker Continental also confirmed that "investigations by European antitrust authorities are taking place at Continental in Germany."
Finnish tire maker Nokian Tyres P.L.C. also confirmed it's being investigated as part of the process.
Group Michelin confirmed to Reuters and other news agencies in Europe that it also is included in the investigation.
EC representatives began carrying out unannounced inspections Jan. 30 at the premises of companies active in the tire industry in several member states, looking for evidence that some companies may have violated European Union antitrust rules that prohibit cartels and restrictive business practices (Article 101 of the Treaty on the Functioning of the European Union).
The Commission said it is concerned that price coordination took place among the inspected companies, including via public communications.
