Business
15:04 1 October 2024
Post by: WBJ

Kia Poland in legal fight with UOKiK over price fixing allegations

Kia Poland in legal fight with UOKiK over price fixing allegations
source: Pexels

Kia Polska has announced its disagreement with the competition authority UOKiK's findings and intends to defend itself using all available legal means following a decision imposing over 405 million PLN in fines for price-fixing and market division with 11 dealers. UOKiK claims that Kia and its dealers restricted sales to local customers, preventing competitive pricing. The investigation revealed that between 2013 and 2021, buyers could only purchase Kia vehicles from designated dealers, resulting in higher prices.

The largest fine was imposed on Kia Polska itself, with significant penalties on several dealers. Additionally, fines were levied on individual executives, and UOKiK noted that companies involved in such practices may qualify for leniency under their fine reduction program.

(wnp.pl)


More News

lifestyle

LifeStyle
7 days ago

Alicja Węgorzewska: ‘I Don’t Believe in Superstitions Like Friday the 13th or Black Cats’

LifeStyle
7 days ago

Resolutions Don’t Have to Be New Year’s Resolutions

LifeStyle
7 days ago

Elon Musk Becomes First Person with a Net Worth Exceeding $400 Billion

LifeStyle
13 days ago

Grotesque Luxury of the Wealthy: How the Rich Exploit and Harm Society

Book of Lists

Book of Lists
4 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
4 years ago

25th jubilee edition of Book of Lists – project start