Criminal

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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U.S. eyes bankruptcy link in GM ignition defect probe, report says

3:48 pm U.S. ET | March 22, 2014
Federal authorities are investigating whether General Motors hid an ignition switch defect when it filed for bankruptcy in 2009, The New York Times reported on Saturday....
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Toyota's $1.2 billion settlement may be model for U.S. probe into GM

10:41 pm U.S. ET | March 18, 2014
Toyota will pay a record $1.2 billion to resolve a criminal probe in to safety issues, in a deal that could serve as a template for how federal authorities approach a similar investigation into General Motors. The settlement between the Justice Department and Toyota includes an admission by the auto manufacturer that it misled American consumers about two different problems that caused cars to accelerate even as drivers tried to slow them down....
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Former Denso exec to plead guilty to price-fixing coverup charge

2:27 pm U.S. ET | Feb. 20, 2014
A former Denso executive is expected to serve one year and one day in federal prison after agreeing to plead guilty to one charge of obstruction of justice in the United States government's ongoing price-fixing investigation of auto suppliers....
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2 former Diamond Electric execs to plead guilty in price-fixing scheme

12:51 pm U.S. ET | Jan. 31, 2014
Two former senior-level executives with Japanese supplier Diamond Electric Manufacturing have agreed to plead guilty to felony charges in the ongoing global auto parts price-fixing investigation, the Department of Justice said today....
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Porsche plaintiffs lose bid to halt civil suits in Germany pending Wiedeking case

Jan. 21, 2014 15:51 CET
Three plaintiffs suing Porsche SE in Germany lost their bid to pause their civil cases to await the findings of a criminal case against the carmaker's former CEO, Wendelin Wiedeking....
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Japanese supplier Koito to plead guilty in U.S. to price fixing, pay $57 million fine

11:33 am U.S. ET | Jan. 16, 2014
Japanese supplier Koito Manufacturing has agreed to pay $57 million in fines and plead guilty in federal court to price fixing lighting components that were sold to Toyota....
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Heroic tale turns into trouble for Houston dealership

11:00 am U.S. ET | Dec. 15, 2013
A Houston-area dealership has distanced itself from the personality who claimed to “do heroic things” occasionally while making “great car deals happen” every day....
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Daimler faces insider trading trial over EADS stake

Dec. 3, 2013 12:20 CET
Daimler faces allegations of insider trading over its disposal of shares in EADS, the European aerospace company, in 2006, the Paris prosecutor's office said....
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Toyo Tire to pay $120 million for price fixing, U.S. says

Nov. 27, 2013 06:01 CET
Japan's Toyo Tire & Rubber has agreed to plead guilty to federal U.S. price-fixing charges and pay a $120 million criminal fine for its role in conspiracies involving auto parts, the Justice Department said....
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Toyo Tire to pay $120 million for price fixing, U.S. says

1:23 pm U.S. ET | Nov. 26, 2013
Japan's Toyo Tire & Rubber has agreed to plead guilty to federal price-fixing charges and pay a $120 million criminal fine for its role in conspiracies involving auto parts, the Justice Department said today....
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NEWS ANALYSIS

Why no C-level execs have been charged in supplier price-fixing cases

10:47 am U.S. ET | Oct. 15, 2013
In an industry in which supplier CEOs and CFOs often accompany sales teams on visits to establish new lines of business with their automaker customers, none of the individual executives to face charges in the United States so far hails from top management posts at any of the suppliers' parent companies....
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9 Japanese suppliers, 2 execs to plead guilty in U.S. price-fixing probe

11:22 am U.S. ET | Sept. 26, 2013
Nine Japanese auto suppliers and two executives have agreed to plead guilty to conspiracy charges and pay more than $740 million in fines for their roles in rigging the prices of 30 products for vehicles built or sold in the United States and elsewhere, federal antitrust regulators said today....
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9 Japanese suppliers, 2 execs to plead guilty in U.S. price-fixing probe

Sept. 26, 2013 17:22 CET
Nine Japanese auto suppliers and two executives agreed to plead guilty to conspiracy charges for their roles in rigging the prices of 30 products for vehicles built or sold in the U.S. and elsewhere. German regulators raided six companies earlier this week as part of a global investigation of price fixing and bid rigging....
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Panasonic executive charged with price-fixing on Toyota components

4:45 pm U.S. ET | Sept. 24, 2013
A federal grand jury in Detroit indicted another Japanese automotive executive on Tuesday for involvement in an international pricing-fixing conspiracy. According to the federal charges, Shinichi Kotani, an executive for Panasonic, participated in fixing prices on switches and steering angles sensors for Toyota vehicles sold in the United States....
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