Antitrust Issues

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....
Read More »

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....
Read More »

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....
Read More »

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?...
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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?...
Read More »

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?...
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

Automotive News Cover
News by Brand