Criminal

PHILIP NUSSEL

Automakers can stop supplier price-fixing now, but will they?

12:01 am U.S. ET | Nov. 22, 2014
Auto supplier price-fixing is a global criminal epidemic that stifles fair competition, inflates the cost of components for automakers, erodes investor confidence and rips off the customer. The auto industry can make it all stop right now, but will they?...
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THE GM RECALL

Former GM engineer at center of recall crisis says 'I did my job the best I could'

12:01 am U.S. ET | Nov. 14, 2014
The General Motors engineer often identified as responsible for a faulty ignition switch that has been linked to 32 deaths said "I did my job the best I could" in his first public comments since GM recalled 2.6 million cars to address the defect early this year....
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Executives from Japan's NSK, Jtekt indicted in U.S. for price-fixing

12:42 pm U.S. ET | Nov. 14, 2014
Two more executives from Japanese auto suppliers have been indicted as part of the Justice Department's long-running investigation into price-fixing in the auto parts industry, the government said today....
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Senate to hold hearing on Takata airbag recalls; company subpoenaed by U.S. grand jury

6:24 am U.S. ET | Nov. 13, 2014
A Senate Committee hearing into the recalls of defective Takata airbags that have so far been linked to five deaths is slated for next Thursday, the committee announced today. Also, the supplier earlier today confirmed it received a subpoena from a federal grand jury looking into the handling of the flawed airbags....
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Aisin Seiki to plead guilty, pay $35.8 million fine in U.S. antitrust probe

11:53 am U.S. ET | Nov. 13, 2014
Japanese auto parts giant Aisin Seiki has agreed to plead guilty and pay a $36 million criminal fine for its involvement in a conspiracy to allocate customers of variable valve timing devices, the Department of Justice said today....
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Takata disputes report it hid airbag tests before recall crisis

9:06 pm U.S. ET | Nov. 12, 2014
Takata said it tested airbags in 2004 for an issue separate from the flaw at the center of an auto-safety crisis, disputing a report by the New York Times last week....
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THE AIRBAG RECALL CRISIS

Reports of Takata coverup 'require a criminal investigation,' lawmakers say

11:00 am U.S. ET | Nov. 7, 2014
Lawmakers have called for a federal criminal probe into Japanese auto supplier Takata following a report that the company destroyed results of airbag tests conducted in secret in 2004....
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Former Showa exec indicted in U.S. price-fixing probe

12:07 pm U.S. ET | Oct. 16, 2014
A former executive of Japanese auto parts supplier Showa has been indicted by a federal grand jury in Cincinnati on a charge of conspiring to fix the prices of parts sold to American Honda and others....
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U.S. charges 5 former dealer employees with loan fraud conspiracy in Ala.

7:38 am U.S. ET | Oct. 3, 2014
Five former Serra Nissan employees have been charged in Birmingham, Ala., in connection with an alleged conspiracy to fraudulently increase loan approvals and car sales, the FBI said in a statement....
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7 Japanese supplier execs indicted in price-fixing scheme

4:09 pm U.S. ET | Sept. 18, 2014
A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today....
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Bosch approaches Brazil regulator over spark plug cartel

Sept. 8, 2014 14:36 CET
Bosch says it approached Brazil's antitrust authorities after discovering it had been operating a cartel in spark plugs together with Japan's NGK Spark Plug Co. "We have reported ourselves to the authorities," the supplier said....
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China launches criminal case against former exec at FAW, VW's China partner

Sept. 3, 2014 11:37 CET
Chinese prosecutors have launched a criminal bribery investigation into a former senior executive at FAW Group Corp., one of Volkswagen's joint-venture partners in China. An Dewu is suspected of accepting bribes, China's procurator said....
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Global price-fixing crackdown threatens supply chain's 'business model'

3:58 pm U.S. ET | Aug. 28, 2014
As antitrust regulators, most recently in China, go after auto suppliers in what has become a worldwide probe into price fixing, a longtime "business model" in the supply chain is now in danger, says an automotive purchasing executive. That model essentially sees parts makers collude to keep prices relatively high for new components they supply to car manufacturers, and then charge even more for the same parts supplied as replacements to dealerships and repair shops....
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THE GM RECALL

U.S. probes GM lawyers' role on vehicle recalls, reports say

6:49 am U.S. ET | Aug. 22, 2014
Federal prosecutors have learned that lawyers for General Motors were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation told Reuters....
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Denso fined $2.2 million in Canada for violation of competition law

6:47 am U.S. ET | Aug. 21, 2014
Japanese supplier Denso said today it has been fined more than $2 million by a court in Canada for violation of that country's competition law in connection with sales of certain body electronic control units for motor vehicles....
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Takata forecasts record $235 million loss on airbag recall

7:15 am U.S. ET | Aug. 7, 2014
Takata, the Japanese maker of faulty airbags causing millions of recalled vehicles this year, forecast a record annual loss on the callbacks....
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LARRY P. VELLEQUETTE

Why the supplier price-fixing investigation looms large

9:40 am U.S. ET | Aug. 4, 2014
There's three dozen people in the auto supply chain who should be on the mind of everyone attending the Management Briefing Seminars here this year....
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Supplier exec pleads guilty to price-fixing, remains an employee

4:02 pm U.S. ET | July 31, 2014
An executive from GS Electech, a supplier to Toyota, pleaded guilty Thursday to playing a role in an international conspiracy to rig bids and fix prices on auto parts, the Department of Justice said. He remains employed by the company, a spokesman said today....
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GM Korea contractor probed by prosecutors for possible leak of engine technology

7:05 am U.S. ET | July 2, 2014
General Motors said South Korean prosecutors are investigating whether a contractor leaked the carmaker’s engine technology overseas....
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Former Takata executive indicted in seat belt price-fixing scheme

1:27 pm U.S. ET | June 5, 2014
A federal grand jury has indicted a former top-tier global sales executive at Takata on a charge of participating in a conspiracy to fix the prices for seat belts, the Department of Justice said today....
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Ex-Porsche CEO Wiedeking's manipulation-probe ruling appealed

May 5, 2014 13:28 CET
Prosecutors in Stuttgart have appealed a court decision that ruled former Porsche CEO Wendelin Wiedeking won't have to stand trial on market manipulation charges over a failed bid to acquire Volkswagen Group....
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Ex-Porsche CEO Wiedeking won't face criminal trial over VW bid

5:51 am U.S. ET | April 25, 2014
Ex-Porsche CEO Wendelin Wiedeking and ex-CFO Holger Haerter won't stand trial on market manipulation charges over the use of options in a failed bid to acquire Volkswagen....
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Ex-Porsche CEO Wiedeking won't face criminal trial over VW bid

April 25, 2014 11:51 CET
Ex-Porsche CEO Wendelin Wiedeking and ex-CFO Holger Haerter won't stand trial on market manipulation charges over the use of options in a failed bid to acquire Volkswagen....
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Bridgestone executives indicted for auto parts price fixing

6:27 pm U.S. ET | April 15, 2014
One current Bridgestone executive and two who formerly worked for the Japanese tire company have been indicted by a federal grand jury in Cleveland for allegedly conspiring to fix automotive-part prices. And a fourth executive formerly employed by Bridgestone agreed to plead guilty in a related case today....
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Co-owner of Calif. luxury dealership pleads guilty in campaign finance case

3:34 pm U.S. ET | April 11, 2014
The co-owner of a California luxury-car dealership pleaded guilty in federal court to making illegal political campaign donations in the name of a foreign national, according to court documents....
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