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.

Full Content: Business Day

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