Antitrust Issues

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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EU antitrust chief says more cartel fines on way for suppliers

Sept. 19, 2014 12:41 CET
EU regulators say they are ready to penalize several suppliers found guilty of price fixing. The EU has already fined two supplier cartels more than 1 billion euros in the last year....
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7 Japanese supplier execs indicted in price-fixing scheme

4:09 pm U.S. ET | Sept. 18, 2014
A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today....
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U.S. Treasury chief warns China on antitrust probes of foreign companies

2:32 pm U.S. ET | Sept. 15, 2014
Treasury Secretary Jack Lew warned the Chinese government that a recent spate of antitrust investigations against foreign automakers and other companies could have serious implications for U.S.-China relations....
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ZF set to sell stake in steering venture to Bosch to smooth TRW takeover, report says

Sept. 13, 2014 06:01 CET
ZF Friedrichshafen is nearing a sale of its steering business as part of its proposed acquisition of TRW Automotive to resolve expected antitrust issues, a German newspaper reported....
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VW, Chrysler fined $46 million by China regulator for price monopoly

Sept. 11, 2014 11:10 CET
VW Group and Chrysler were fined a combined $46 million by China's anti-monopoly regulator in the first-ever punishment of foreign carmakers for price fixing. The penalty raised the possibility of similar fines for Mercedes and Jaguar Land Rover....
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Bosch approaches Brazil regulator over spark plug cartel

Sept. 8, 2014 14:36 CET
Bosch says it approached Brazil's antitrust authorities after discovering it had been operating a cartel in spark plugs together with Japan's NGK Spark Plug Co. "We have reported ourselves to the authorities," the supplier said....
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ZF restarts talks with Bosch to ease TRW purchase, sources say

Sept. 4, 2014 10:39 CET
ZF is restarting talks to exit its joint venture with Bosch, sources said, as it seeks to clear the way for its takeover of TRW Automotive. ZF is seeking to sell its half of the steering-systems venture to Bosch to avoid antitrust issues....
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Global price-fixing crackdown threatens supply chain's 'business model'

3:58 pm U.S. ET | Aug. 28, 2014
As antitrust regulators, most recently in China, go after auto suppliers in what has become a worldwide probe into price fixing, a longtime "business model" in the supply chain is now in danger, says an automotive purchasing executive. That model essentially sees parts makers collude to keep prices relatively high for new components they supply to car manufacturers, and then charge even more for the same parts supplied as replacements to dealerships and repair shops....
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GM, Ford, Toyota and VW among automakers hit by antitrust penalties in India

Aug. 26, 2014 10:21 CET
India's antitrust regulator fined 14 carmakers a combined $420 million for stifling competition in the market for spare parts. Among the companies fined were the local units of GM, Ford, Toyota, VW, Fiat, Nissan, BMW and Mercedes....
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China's corruption watchdog investigates execs at Volkswagen JV

Aug. 26, 2014 12:51 CET
China's corruption watchdog says it is investigating one former and one current executive at VW Group's Chinese venture, FAW-Volkswagen Automotive, for "seriously violating the law."...
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German suppliers asked to form JVs in China, report says

Aug. 25, 2014 10:39 CET
China has told three German suppliers they can no longer manage their Chinese units independently but need to form partnerships with local peers, the CEO of partsmaker ElringKlinger told a German newspaper....
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Toyota to cut prices of Lexus parts in China amid antitrust concerns

7:09 am U.S. ET | Aug. 21, 2014
Toyota said today it would cut prices of parts for its luxury Lexus models in China, following similar moves by its German rivals, in response to heightened regulatory scrutiny over antitrust issues....
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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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China levies record $200 million fine on Japan suppliers

Aug. 20, 2014 12:11 CET
China has fined 12 Japanese suppliers a record 1.24 billion yuan ($200 million) for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago....
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HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

12:01 am U.S. ET | Aug. 20, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?...
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HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

8:55 am U.S. ET | Aug. 19, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?...
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ZF talks for TRW said to hinge on Bosch JV exit

Aug. 15, 2014 10:25 CET
ZF's ambitions to takeover TRW and become the world's No. 2 supplier are being held up by negotiations to exit a steering-systems joint venture with Robert Bosch, according to people familiar with the matter....
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Toyota queried by China regulator amid antitrust probe, report says

10:14 am U.S. ET | Aug. 7, 2014
China's National Development and Reform Commission, which is conducting an antitrust probe into the auto industry, has asked Toyota about its business practices, two people familiar with the matter told Bloomberg. China's recent antitrust probes rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms at the expense of foreign companies....
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Autoliv to pay $65 million in U.S. antitrust probe

June 2, 2014 11:58 CET
Autoliv has reached three separate settlements in U.S. antitrust class action lawsuits and expects to incur $65 million in costs in the second quarter. The settlements are the latest result of probes by antitrust enforcers in several countries into price fixing of more than 30 types of car parts....
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Lear agrees to $8.75 million price-fixing settlement

4:32 pm U.S. ET | May 9, 2014
Seating and electronics supplier Lear will ask a bankruptcy court judge in New York later this month to sign off on an $8.75 million settlement to a Detroit lawsuit involving automotive supplier price-fixing over the previous decade....
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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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Saint-Gobain wins 165 million euro cut in record EU cartel fine

March 27, 2014 12:52 CET
French supplier Saint-Gobain won a 165 million euro ($227 million) reduction in its record 880 million euro EU antitrust fine for fixing car-glass prices....
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