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Nine Japanese Companies, Two Execs to Plead Guilty in Ongoing Auto Parts...
Source: United States Department of Justice Nine Japanese auto suppliers and two executives have agreed to plead guilty and pay more than $740 million in fines for participating in a price fixing...
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Twenty Japanese Execs Hide In Local Exile From US DOJ
At present, 20 Japanese executives are charged with price-fixing by the U.S. Department of Justice. Extradition, however, is proving hard to accomplish. Automotive News reports that while most of the...
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Mercedes Slapped With $56M Fine in China for “Price Fixing”
The Chinese province of Jiangsu has levied a 350 million yuan ($56 million USD) fine against Mercedes-Benz in continued efforts to break perceived monopolies in car and part sales. It’s the largest...
View ArticleVolkswagen to Conduct ‘Crisis Meeting’ Over EU Cartel Allegations, BMW Plays...
Volkswagen will hold an emergency supervisory board meeting on Wednesday to discuss recent allegations that Germany’s automakers have been operating as an automotive cartel since the 1990s. Meanwhile,...
View ArticleBMW Raided in German Cartel Investigation, Daimler Seeks Immunity
Back in July, German authorities became concerned that the country’s manufacturers had been operating one of the largest automotive cartels in history. With many auto executives still under the...
View ArticleEuropean Raids Expand to Daimler and VW in Automotive Cartel Probe
Following an earlier raid at BMW, Daimler AG and Volkswagen Group were also searched by antitrust officials from the European Union Commission and German government this week. Despite claiming...
View ArticleDealerships to Receive $335 Million In Payments Over Supplier Price-fixing...
Roughly 8,000 U.S. dealers will share in a $335 million payday resulting from a colossal 2010 antitrust investigation. The issue? Suppliers were involved in a widespread price-fixing scheme that lasted...
View ArticleCar, Tell: Quintet of Safety Suppliers Fined for Price Fixing
It appears the fictional JR Ewing isn’t the only one having to deal with cartels. Antitrust regulators in the EU have fined five safety equipment suppliers a combined 34 million euros ($40 million) for...
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