“The European Union (EU) has imposed a record fine of 992m euros ($1.3bn; £666.8m) on four lift and escalator manufacturers for price-fixing. Germany's ThyssenKrupp, US-owned Otis, Kone of Finland and Swiss firm Schindler were fined for taking part in a market-rigging cartel.” Probably the amount of 992m € seems unbelievable high for the average person but how much these companies really profited creating a cartel and then the next question should be, how many more cartels like that exist?
There are only very few places in Finland without KONE lifts and it makes you wander how they managed to preclude any other company. And please don’t tell me that this has to be with KONE been a Finnish company. If that was true then every Finn should have a NOKIA and I can say that Erickson is not doing bad at all in this country!
“The European Union (EU) has imposed a record fine of 992m euros ($1.3bn; £666.8m) on four lift and escalator manufacturers for price-fixing. 
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