je.st

Home › price fixing

Tag: price fixing

Supplier upheaval fueled price fixing

2014-11-17 00:24:31| Automakers - Topix.net

To hear auto industry insiders in Japan, the country's problems with bid rigging began to spiral in the early 2000s. Or, more specifically, with the arrival of Carlos Ghosn, the cost-cutting CEO who parachuted into a nearly bankrupt Nissan Motor Co.

Tags: price supplier fixing fueled

Hitachi pleads guilty in brake hose price fixing probe

2014-11-12 19:26:34| Auto Parts - Topix.net

Hitachi Metals Ltd., a Tokyo-based auto parts manufacturer, has agreed to plead guilty and pay a $1.25 million fine for its alleged role in a conspiracy to fix prices and rig bids for automotive brake hose. The U.S. Justice Department Antitrust Division filed a one-count felony charge and settlement agreement against Hitachi Oct. 31 in the U.S. District Court for the Northern District of Ohio in Toledo.

Tags: price probe guilty hitachi

Dow loses appeal in price fixing case

2014-10-01 18:21:02| Chemicals - Topix.net

The Reuters press agency reports that a federal appeals court in Denver has rejected Dow Chemical Co.' s attempt to overturn a $1.06 billion fine imposed after customers accused the firm of conspiring to fix the price of polyurethane chemicals in the U.S. According to the report, Midland, Mich.-based Dow is "extremely disappointed" with the result and may go to the Supreme Court if necessary.

Tags: price case appeal dow

Cleveland: Auto parts maker guilty, fined $26 million for price fixing, bid rigging.

2014-09-30 03:39:56| Auto Parts - Topix.net

Toyoda Gosei Co. Ltd., an automotive parts manufacturer based in Aichi, Japan, has agreed to plead guilty and to pay a $26 million criminal fine for its role in conspiracies to fix prices and rig bids for automotive hoses, airbags and steering wheels sold to automobile manufacturers, the Department of Justice announced today.

Tags: price auto parts million