Škoda Auto fined for cartel deal with distributors

The Czech Republic’s biggest car maker Škoda Auto has been fined just over 49 million crowns by the country’s competition office for an illegal cartel. The company set a minimum price for the margins of car distributors, meaning that they could not go lower than them and give a better deal to car buyers. The case was only made public by the daily Mláda Fronta Dnes after it pressed the competition office for details under public access of information legislation.