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You are here: Home / Archives for Price Fixing

Mitsubishi Electric to Pay CA$13.4 million for Car Part Bid Rigging in Canada

April 27, 2017 By CollisionWeek Editor

Car parts manufacturer Mitsubishi Electric Corporation pleaded guilty to three counts of bid-rigging for participating in an international conspiracy and was fined CA$13.4 million ($9.8 million) by the Ontario Superior Court of Justice in Canada. A Competition Bureau investigation determined that Mitsubishi Electric entered into illegal agreements with a competing Japanese car parts manufacturer. The […]

Filed Under: News Tagged With: Antitrust, Canada, Price Fixing

Auto Parts Manufacturer Pleads Guilty in Price-Fixing and Bid-Rigging Conspiracy

September 16, 2016 By CollisionWeek Editor

Alpha Corporation will pay $9 million fine. Marks 46th company charged with price-fixing auto parts. The U.S. Justice Department announced that Alpha Corporation has agreed to plead guilty and to pay a $9 million criminal fine for its role in a price-fixing and bid-rigging conspiracy involving automotive access mechanisms such as door handles and lock […]

Filed Under: News Tagged With: Antitrust, Price Fixing, U.S. DOJ

Auto Parts Manufacturer $34.5 Million Antitrust Class Action Settlement

July 25, 2016 By CollisionWeek Editor

NSK Ltd. settlement will benefit indirect purchasers of parts, including dealers and consumers, whose prices were inflated due to illegal price fixing. NSK Ltd. announced Friday that it has agreed to settle class action lawsuits with some indirect purchasers, including automobile dealers and consumers, that are part of the plaintiff classes in litigation pending in […]

Filed Under: News Tagged With: Antitrust, OEM Parts, Price Fixing

OEM Interior Parts Supplier Fined $2.35 Million for Price Fixing

November 20, 2015 By CollisionWeek Editor

INOAC Corp. has agreed to plead guilty and to pay a $2.35 million criminal fine for its role in a conspiracy to fix prices and rig bids on certain plastic interior trim automotive parts installed in Toyota cars sold to U.S. consumers. According to the felony charge filed yesterday in the U.S. District Court of […]

Filed Under: News Tagged With: OEM Parts, Price Fixing

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