Whirlpool gets hit with fines for price fixing

Whirlpool

Corp and five other appliance manufacturers were fined a total of €189 million (Dh786 million; $214 million) to settle a six-year French price-fixing investigation — the country’s largest anti-trust penalty levied this year.

Whirlpool must pay €102 million as its own penalty and one of Indesit, which it owns, according to France’s competition authority. Electrolux AB got a €48-million fine. They were accused of fixing prices of large appliances twice during secret meetings between 2006 and 2009. (Bloomberg)