Turkey Investigates Automakers For Price-Fixing

Competition Board looking into allegations that 19 carmakers shared information regarding 'targets, stock information and sales and pricing strategies' since 2006.

ANKARA, Turkey (AP) -- Turkey's competition watchdog says it is investigating alleged price-fixing among 19 carmakers.

The Competition Board said in a statement Wednesday it is looking into allegations that the companies have shared information regarding "targets, stock information and sales and pricing strategies" since 2006.

The 19 companies under investigation include the Turkish subsidiaries of Daihatsu, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, Nissan, Peugeot and Toyota.

The board can impose fines on companies for infringement of Turkey's competition laws.

More in Economics