The US Department of Justice has expanded its wide-ranging price fixing investigation of the automotive parts industry to include anti-lock brakes and their related systems, a spokesperson from the DoJ’s antitrust division confirmed.
Another DENSO Corporation executive has become became the eighth individual to plead guilty to charges of taking part in an auto-parts cartel, in a US Department of Justice (DoJ) antitrust division investigation that continues to bring convictions of non-US residents.
The US Department of Justice’s (DoJ) antitrust division has secured another guilty plea in its investigation of a price-fixing cartel operated by auto light manufactures.
Two automotive parts manufacturers have agreed to pay a total of US$548 million in fines and four executives will serve prison terms in what has become the largest antitrust investigation, in both scope and economic impact, in US history.
Private antitrust claims continue to stack up against multiple auto parts manufacturers, sparking from a US industry probe thought to be the largest antitrust investigation in history.
Israel’s Antitrust Authority has cleared a 253 million shekel (€50 million) merger between Delek Auto and Kamor Motors, provided that Kamor sells its stake in a business that sells a competitor’s cars.
Automotive supplier Magna International says it is the target of a US Department of Justice’s antitrust division investigation of the automotive tooling market.
Japanese wire harness maker Furukawa Electric has agreed to plead guilty to the first criminal charges filed in the US Department of Justice’s wide-ranging investigation of a price-fixing conspiracy in the automotive parts market.
The US Department of Justice’s antitrust division has secured the first guilty plea from a company embroiled in an alleged conspiracy to fix the price of aftermarket automotive lights.
The US Department of Justice’s antitrust division has sent a subpoena to the US subsidiary of French auto parts maker Valeo as part of an investigation into the automotive parts market.
Federal prosecutors have charged former auto parts executive William Burch of misleading the US government about an alleged price-fixing conspiracy in the aftermarket automotive filters industry.
Germany’s Supreme Court has dismissed an antitrust complaint against a subsidiary of truck company MAN Group, which was accused of abusing its dominance in the after-sale car repair services market.
Both sides of a high-profile class action lawsuit alleging a price fixing conspiracy in the aftermarket automotive filters industry have asked a judge to put the case on hold while federal prosecutors investigate a whistleblower for allegedly lying to the government.
The UK’s Office of Fair Trading has confirmed that it is investigating several commercial vehicle manufacturing companies suspected of being involved in a cartel in the industry.