Furukawa Electric Co.
12:01 am U.S. ET | Aug. 5, 2013 In March 2009, Ford Motor Co. asked suppliers to bid for a contract to provide wire harnesses for the Ford Fusion and Lincoln MKZ. It should have been an attractive proposition for two high-volume sedans. But, oddly, some suppliers weren't interested, Ford says in a federal lawsuit claiming that Fujikura Ltd., Yazaki Corp., Sumitomo Corp. and Furukawa Electric Co. engaged in price-fixing over the contract.... Read More »
11:19 am U.S. ET | July 17, 2013 Ford has sued one of its Japanese suppliers following a criminal case in which the parts maker admitted to being part of a conspiracy to fix prices of key wiring components. Fujikura, of Tokyo, in April 2012 agreed to plead guilty in U.S. District Court in Detroit to one count of price fixing.... Read More »
July 10, 2013 13:00 CET EU competition regulators fined four suppliers, including Germany's Leoni, a total of 141.8 million euros ($182 million) for taking part in cartels that affected Toyota, Nissan, Honda and Renault.... Read More »