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Canada: Japanese auto parts price-fixers face new fines

By  |  December 14, 2014
Canada: Japanese auto parts price-fixers face new fines

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.

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    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

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