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Posts Tagged ‘auto parts price fixing’

India Fines 14 Carmakers for Overpricing Spare Parts

Follows move by Chinese regulators; US also looking at price fixing.

by on Aug.29, 2014

Indian automaker Tata, which makes the ultra-low-priced Nano, faced the biggest fine.

Regulators in India have levied more than $400 million in fines against 14 local and international automakers accusing them of intentionally overcharging for spare parts.

The move follows similar anti-monopoly actions in China that saw makers such as Mercedes-Benz accused of overpricing as a way to boost profits at the expense of vehicle owners.

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As many as 20 million Indian consumers were impacted by the practice of boosting prices for spare parts and aftermarket accessories, according to the country’s Competition Commission. The practice was made worse by the “denial of market access” to independent repair shares seeking both factory-authorized parts and diagnostic tools.

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Japanese Supplier Admits Price Fixing

Will pay $18 fine in Justice Dept. probe.

by on Oct.31, 2012

Supplier Tokai Rika likely wasn't delighted at the reality of being convicted for price-fixing.

A Japanese supplier has pled guilty in a probe by the U.S. Justice Department into price fixing in the auto industry, which continues to grow and has now snared nine different companies on three different regions of the world.

Nagoya, Japan-based Tokai Rika Co. Ltd. has agreed to plead guilty and to pay a $17.7 million criminal fine for its role in a conspiracy to fix prices of heater control panels installed in cars sold in the United States and elsewhere, the Department of Justice announced.

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Tokai Rika has also agreed to plead guilty to a charge of obstruction of justice related to the investigation of the antitrust violation. The company’s American arm is based in Plymouth, and it also has units in Battle Creek and Jackson.

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