Fujikura, a Japan-based automotive supplier has pleaded guilty for its role in a price-fixing conspiracy. The DOJ has asserted that from January 2006 to February 2010, Fujikura and its co-conspirators allocated the supply of automotive wire harnesses and related products according to model, and sold the parts at non-competitive prices. The parts were sold to a U.S. and other automakers, and installed in U.S. cars. Fujikura has agreed to pay a $20 million criminal fine.
Full content: DOJ Press Release
Related content: The Complexity of Cartel Enforcement in Times of Globalization of Competition Law (Frank Montag, Freshfields)
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI