Price fixing by suppliers, which is being revealed by a growing multicontinent investigation, threatens to undermine the trust between suppliers and their customers.
Automakers and suppliers spent much of the last recession trying to build a bridge of cooperation, collaboration and fairness.
The widespread antitrust activity, including price fixing, is a giant step back for an industry on the mend. It violates the principles of competition and fairness and erodes the spirit of an industry that has wrestled with too much distrust.
The days of wanton greed must end. In the new normal, there can be no place for outdated, bid-rigging collusion. Automaker-supplier relationships must be built on innovation, collaboration and trust.