Antitrust Issues

Former supplier exec indicted in ongoing U.S. price-fixing probe

1:15 pm U.S. ET | May 14, 2015

A former executive with Japanese supplier T.RAD has been indicted for conspiring to fix prices of radiators sold in the United States....
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Supplier price-fixing civil settlements top $260M

10:50 am U.S. ET | April 28, 2015

Civil settlements recently have exceeded $260 million in federal litigation stemming from the ongoing US criminal antitrust investigation into supplier price fixing....
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Yamada to pay $2.5 million U.S. fine for fixing prices of steering columns

6:15 pm U.S. ET | April 28, 2015

Japan's Yamada Manufacturing agreed to pay a $2.5 million fine and plead guilty to a single felony count of fixing the prices of steering columns....
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Mercedes fined $56 million in China for price fixing

April 23, 2015 08:30 CET

Authorities in China's Jiangsu province fined Mercedes-Benz 350 million yuan ($56 million) for a pricing monopoly there. It is the biggest fine imposed on an automaker since the government started to crack down on antitrust violations last year....
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Former Hitachi exec sentenced to 15 months in prison after guilty plea for price fixing

5:45 am U.S. ET | April 23, 2015

A former executive with Hitachi Automotive Systems pleaded guilty and was sentenced to 15 months in prison for conspiring to fix prices on a number of automotive parts sold in the United States....
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South Korea steps up price-fixing crackdown on auto suppliers

10:40 am U.S. ET | April 17, 2015

South Korea, supporting a global police action against auto-parts price fixing, has hit Japanese and German suppliers with a string of fines in recent weeks. The latest penalties came Tuesday, when Germany's Schaeffler and Japan's JTEKT were fined for rigging bids on tapered roller bearings to Hyundai, Kia and Hyundai Powertech....
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Bosch will plead guilty to price-fixing, pay $57.8 million U.S. fine

1:22 pm U.S. ET | March 31, 2015

German auto parts giant Robert Bosch agreed to plead guilty to price-fixing and pay a $57.8 million fine for its role in conspiring to rig bids for spark plugs, oxygen sensors and starter motors sold to the Detroit 3 automakers, the U.S. Department of Justice said today....
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2 executives at Japan's Mitsuba indicted in U.S. for price-fixing

3:56 pm U.S. ET | Feb. 5, 2015

Two executives of Japanese auto parts company Mitsuba were indicted today on charges of conspiring to fix the prices of auto parts and obstruction of justice, the Justice Department said....
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Japanese supplier Sanden agrees to $3.2 million fine in U.S. price-fixing case

6:33 am U.S. ET | Jan. 28, 2015

Japanese supplier Sanden has agreed to pay a US fine of more than $3 million and becomes the latest company tied to a wide-ranging auto supplier price-fixing prosecution for its brief role in setting the prices of air conditioning compressors for Nissan....
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Former Toyoda Gosei executive agrees to U.S. prison time, fine for price-fixing role

3:43 pm U.S. ET | Jan. 6, 2015

A former executive with Japan-based supplier Toyoda Gosei has agreed to plead guilty to a conspiracy charge and serve just over a year in prison for his role in fixing the price of automotive hoses sold to Toyota....
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Japanese execs from T.RAD, Mitsuba agree to plead guilty to price fixing

3:15 pm U.S. ET | Dec. 1, 2014

Two Japanese executives from different Japanese suppliers have each agreed to plead guilty to a charge of conspiring to fix the prices of auto parts sold to Honda, the U.S. Department of Justice said Monday....
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JAMES B. TREECE

BLOG: Why the bid-rigging? Ask the automakers

12:29 pm U.S. ET | Nov. 26, 2014

Toyota employees are taught to solve problems with the “Five Whys.” Ask why it happened, and why that happened, and so on until you get to the fundamental problem....
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Continental’s electronics, Korea units to plead guilty to price fixing

4:16 pm U.S. ET | Nov. 24, 2014

South Korean suppliers Continental Automotive Electronics and Continental Automotive Korea will plead guilty to rigging the prices of instrument panel clusters and pay a criminal fine of $4 million, the U.S. Department of Justice said....
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PHILIP NUSSEL

BLOG: 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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HANS GREIMEL

BLOG: Japan's fugitive execs have called DOJ's bluff

9:56 am U.S. ET | Nov. 21, 2014

Are the fugitive Japanese businessmen indicted for alleged price fixing calling the U.S. government's bluff?...
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DAVE GUILFORD

BLOG: Ghosn sets the record straight on price-fixing conspiracy

12:53 pm U.S. ET | Nov. 20, 2014

In our package of stories on supplier price-fixing published Monday, one report said Carlos Ghosn inadvertently created the bid-rigging tradition. It was an intriguing scenario. But Carlos Ghosn begs to differ....
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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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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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Continental unable to complete Veyance takeover, report says

Nov. 6, 2014 14:12 CET

Continental is unable to complete its acquisition of U.S. rubber firm Veyance Technologies and may need to sell one of the target company's divisions to win U.S. regulatory approval, a German magazine reported....
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Hitachi Metals to plead guilty, pay $1.25 million U.S. fine for fixing parts prices sold to Toyota

2:17 pm U.S. ET | Oct. 31, 2014

Hitachi Metals will pay a $1.25 million fine and plead guilty for fixing prices and rigging bids of brake hose installed in cars in the United States, the U.S. Justice Department said Friday....
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EU says Honeywell, DuPont car refrigerant deal may be illegal

Oct. 22, 2014 10:51 CET

The EU says auto supplier Honeywell's joint venture with chemicals company DuPont to produce an air conditioning refrigerant for cars may be anti-competitive as the deal may have blocked rivals keen to participate in the chemical's development....
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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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Toyoda Gosei settles U.S. price-fixing charge, pays $26 million fine

1:46 pm U.S. ET | Sept. 29, 2014

Japanese auto parts maker Toyoda Gosei agreed to plead guilty to price-fixing and pay a $26 million fine, the Justice Department said. Toyoda Gosei, which acknowledged conspiring to fix prices of airbags, steering wheels and automotive hoses, is the 29th auto parts maker to plead guilty to price-fixing since the Justice Department began its long-running investigation....
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Yazaki will pay $100 million to settle U.S. price-fixing claims

11:40 am U.S. ET | Sept. 23, 2014

Wire harness market leader Yazaki, which paid the largest federal criminal fine so far in a three-year prosecution of automotive supplier price-fixing, also will shell out the largest civil settlement -- $100 million -- in related settlements....
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Magna stock falls 4.7% after Brazil antitrust regulator visits local unit

4:02 pm U.S. ET | Sept. 19, 2014

Magna International shares tumbled the most in more than two years after the supplier said the offices of its Brazilian unit were visited in connection with an antitrust investigation....
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Automotive News
Special Video Report
Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota North America CEO Jim Lentz is a pioneer. He and a handful of other employees moved to north Texas last September to help build the automaker's new U.S. headquarters.
» Watch the Video
     
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