Antitrust Issues

EU regulators fine Japanese suppliers 138 million euros for price fixing

Jan. 26, 2016 13:09 CET

EU antitrust regulators fined Mitsubishi Electric and Hitachi Ltd. a total of 137.8 million euros ($149.8 million) for fixing prices of car alternators and starters. Supplier Denso avoided a fine after alerting officials to the existence of the cartel....
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Hyundai, Kia ordered to trim cross holdings by Korean antitrust authorities

6:52 am U.S. ET | Dec. 30, 2015

South Korea’s antitrust regulator ordered Hyundai Motor Group to cut cross-shareholdings strengthened by a merger between two steelmaking affiliates....
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Current, former executives from Eberspaecher unit indicted in U.S. for price-fixing

3:38 pm U.S. ET | Dec. 9, 2015

One current and two former executives of Espar and its German parent company Eberspaecher have been indicted for conspiring to fix the prices of heaters used in trucks to keep drivers warm, the Justice Department said today....
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Japanese supplier INOAC agrees to $2.35 million U.S. price-fixing fine

3:35 pm U.S. ET | Nov. 19, 2015

Japanese supplier INOAC agreed to plead guilty to fixing prices -- and pay a $2.35 million criminal fine -- on auto parts sold to Toyota between 2004 and 2012, the U.S. Justice Department said today....
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3 Nishikawa Rubber execs indicted by U.S. for price-fixing

5:03 pm U.S. ET | Oct. 8, 2015

Three executives affiliated with Japanese supplier Nishikawa Rubber Co. were indicted in federal court for their alleged roles in the auto supply chain’s ongoing price-fixing scandal....
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Japanese supplier Kayaba to pay $62 million criminal fine for price-fixing conspiracy

4:17 pm U.S. ET | Sept. 16, 2015

Japanese supplier Kayaba agreed to plead guilty and pay a $62 million fine for its role in a conspiracy to fix the prices of shock absorbers sold to automakers in the U.S., federal prosecutors said today....
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NGK Insulators to pay $65.3 million U.S. fine for price-fixing, obstruction

3:11 pm U.S. ET | Sept. 3, 2015

Japanese auto supplier NGK Insulators has agreed to plead guilty and pay a $65.3 million fine for fixing prices of automotive parts and attempting to obstruct the ongoing global investigation into auto parts bid rigging, the U.S. Department of Justice said today....
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T.RAD, Fujikura settle U.S. price-fixing civil litigation

3:21 pm U.S. ET | Aug. 26, 2015

T.RAD and Fujikura are the latest to agree to civil settlements linked the ongoing U.S. criminal antitrust investigation into automotive supplier fixing. Attorney Hollis Salzman of the Robins Kaplan law firm in New York represented a group of more than 50 individuals who purchased or leased a new vehicle containing auto parts at issue in the federal litigation....
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TrueCar says it considers U.S. antitrust probe to be closed

2:01 pm U.S. ET | Aug. 12, 2015

U.S. antitrust enforcers have closed an investigation into whether auto dealers ganged up against shopping website TrueCar Inc in 2011 and 2012 in order to raise prices, TrueCar said in a securities filing today....
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CHAD HALCOM

BLOG: Is the DOJ auto parts price-fixing crackdown winding down?

2:35 pm U.S. ET | July 17, 2015

After scouring the U.S. auto supply chain in a five-year crackdown on price-fixing, has the Department of Justice found something else to do?...
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PHILIP NUSSEL

BLOG: What do Julie Hamp and price fixing have in common?

2:20 pm U.S. ET | July 9, 2015

If the Japanese want to enforce their drug laws, they are perfectly entitled to do so. But they had better be prepared for other countries to enforce their own laws, too....
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NGK says 2 execs retired before price-fixing indictments

2:38 pm U.S. ET | May 26, 2015

Two former executives with Japanese supplier NGK Spark Plug had retired before they were indicted Thursday on a charge of conspiring to fix prices of spark plugs, standard oxygen sensors and air fuel ratio sensors sold to some automakers in the US and elsewhere....
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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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