South Africa: Commission launches sweep of car parts industry

South Africa’s Competition Commission announced Monday that it will launch a widespread investigation into the nation’s automotive industry to probe allegations of price-fixing and other anticompetitive conduct.

The Commission told reporters that it had received information claiming collusive tendering, market division and price-fixing to be taking place in the supply of car parts to original equipment manufacturers.

Denso, Maruyasu, Hitachi, Mitsubishi Electric and several others were named by the Commission has part of the investigation. The companies in question supply car parts to Toyota, Honda, Nissan, General Motors, and other major carmakers.

According to reports, the car parts makers are accused of colluding to manipulate the price and market of the industry from 2000 onward.

According to the Commission, the investigation joins several other similar cases taken on by other jurisdictions across the globe.

Full content: Mail & Guardian

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