A PYMNTS Company

Australia: Suppliers of Toyota car parts under fire from ACCC

By  |  December 13, 2012

A car parts manufacturer who supplies parts to Toyota has been accused by the Australian Competition and Consumer Commission of running a cartel to fix prices. According to the ACCC, thousands of dollars of wiring used in Toyota Camry cars may have been impacted by the cartel, allegedly run by Japanese Yazaki and its subsidiary Australian Arrow. Specifically, the ACCC says that the company fixed prices when offering price quotes for the parts to Toyota, alleging that Yazaki and competitors would agree on prices before providing quotes to Toyota and other carmakers. A court date has been set for January 10, 2013.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Business Day

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.