The US and Japan are not the only jurisdictions taking on the widespread car parts price-fixing conspiracy. According to reports, authorities in Canada have issued millions of dollars in fines to a Japanese parts supplier for its role in the cartel.
The nation’s Competition Bureau sanctioned Japan-based Yamashita Rubber with a $4.5 million fine after it pleaded guilty to participating in the price-fixing collusion. Reports say the car parts were supplied to Honda of Canada Manufacturing.
The Bureau announced that the collusion scheme occurred between 2003 and 2009.
Canadian officials have secured seven guilty pleas and more than $56 million in fines in the global car parts price-fixing case, say reports.
Full content: Canadian Manufacturing
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI