Antitrust Issues

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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NEWS ANALYSIS

Why C-level supply execs haven't faced price-fixing charges Chad Halcom

12:01 am U.S. ET | Oct. 21, 2013
The reach of U.S. antitrust officials has proved very wide, if not yet very high, based on the middle-management rank of the executives that have appeared in court so far....
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Japanese supplier Jtekt to pay $1.9 million in Australia antitrust case

7:24 am U.S. ET | Oct. 18, 2013
Japanese supplier Jtekt said its Australian subsidiary will pay around $1.9 million to settle antitrust charges as it confronts penalties from a global investigation into price-fixing by parts makers....
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NEWS ANALYSIS

Why no C-level execs have been charged in supplier price-fixing cases

10:47 am U.S. ET | Oct. 15, 2013
In an industry in which supplier CEOs and CFOs often accompany sales teams on visits to establish new lines of business with their automaker customers, none of the individual executives to face charges in the United States so far hails from top management posts at any of the suppliers' parent companies....
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Takata to pay $71.3 million fine over seat belt price-fixing charges

8:59 am U.S. ET | Oct. 10, 2013
Takata will pay $71.3 million to settle antitrust charges brought by U.S. federal prosecutors over price fixing on seat belts sold to automakers, the Japanese auto parts maker said. Takata CEO Shigehisa Takada faces a 30 percent cut in his compensation, while other directors will be subject to a 15 percent cut, the company said....
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Magna, IAC, Faurecia part of German price-fixing probe

4:01 am U.S. ET | Sept. 25, 2013
German antitrust authorities searched the offices of Magna International, IAC Group, Faurecia, and three other automotive suppliers Tuesday....
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Magna, IAC, Faurecia part of German price-fixing probe

Sept. 25, 2013 10:01 CET
German antitrust authorities searched the offices of Magna International, IAC Group, Faurecia, Borgers, Autoneum and one other automotive supplier Tuesday. The companies are under investigation on suspicion of price fixing....
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Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
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