Antitrust Issues

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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EU antitrust regulators raid Faurecia, Tenneco, other exhaust suppliers

March 25, 2014 17:32 CET
EU antitrust regulators raided Faurecia, Tenneco and several other auto exhaust system makers in the latest crackdown against suspected price-fixing in the auto industry....
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Schaeffler takes 380 million euro provision on EU antitrust fine

March 20, 2014 12:34 CET
German supplier Schaeffler took a 380 million euro ($526 million) provision after being fined in a European Union antitrust probe....
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SKF to Schaeffler fined $1.3 billion in EU ball-bearing case

March 19, 2014 13:36 CET
SKF, the world's largest maker of ball bearings, and Schaeffler were among five companies that agreed to pay a combined 953.3 million euros ($1.3 billion) to settle a European Union probe into an automotive-parts cartel....
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Honeywell, DuPont said to face EU objections on car refrigerant

March 5, 2014 11:52 CET
Honeywell and DuPont are said to face a European Union complaint for violating antitrust rules over their car refrigerant chemical, the only product that currently meets new EU standards on greenhouse-gas emissions....
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Former Denso exec to plead guilty to price-fixing coverup charge

2:27 pm U.S. ET | Feb. 20, 2014
A former Denso executive is expected to serve one year and one day in federal prison after agreeing to plead guilty to one charge of obstruction of justice in the United States government's ongoing price-fixing investigation of auto suppliers....
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Bridgestone agrees to pay $425M U.S. fine for bid-rigging rubber auto parts

10:39 am U.S. ET | Feb. 13, 2014
Rubber parts supplier Bridgestone has agreed to plead guilty and pay a $425 million criminal fine for its alleged role in a conspiracy to fix the prices of rubber anti-vibration automotive parts, the Department of Justice said today. The government's ongoing price-fixing investigation into the auto supply chain now has yielded a total of $2.28 billion in criminal fines -- making it the largest single-industry prosecution in antitrust division history....
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2 former Diamond Electric execs to plead guilty in price-fixing scheme

12:51 pm U.S. ET | Jan. 31, 2014
Two former senior-level executives with Japanese supplier Diamond Electric Manufacturing have agreed to plead guilty to felony charges in the ongoing global auto parts price-fixing investigation, the Department of Justice said today....
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Japanese supplier Koito to plead guilty in U.S. to price fixing, pay $57 million fine

11:33 am U.S. ET | Jan. 16, 2014
Japanese supplier Koito Manufacturing has agreed to pay $57 million in fines and plead guilty in federal court to price fixing lighting components that were sold to Toyota....
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Bosch probed by EU antitrust authorities

Jan. 9, 2014 11:08 CET
Bosch says it is cooperating with European Union antitrust authorities as part of an investigation of suppliers in the region....
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Bosch, Continental, Denso fined by South Korea for price fixing

6:31 am U.S. ET | Dec. 23, 2013
South Korea's antitrust regulator fined units of Denso, Continental and Bosch a total of $107.99 million, saying they had fixed prices of parts sold to Hyundai and Kia. The fine comes as antitrust regulators from the United States to Europe and Japan crack down on price collusion among auto parts makers....
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Bosch, Continental, Denso fined by South Korea for price fixing

Dec. 23, 2013 12:31 CET
South Korea's antitrust regulator fined units of Denso, Continental and Bosch a total of $107.99 million, saying they had fixed prices of parts sold to Hyundai Motor and affiliate Kia. The fine comes as antitrust regulators from the United States to Europe and Japan crack down on price collusion among auto parts makers....
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