Japan's auto parts companies suffer "winter"

In mid-October 2013, the US government announcement again, involving manipulation of the price of car seat belts up to 8 years, Japan Takata (Takata) Co., Ltd. became the first 21 plead guilty Japanese parts suppliers, heavy penalties 7130 Ten thousand US dollars (about 434 million yuan), Gary Walker, currently the sales director of Takada America, who is currently retired, is also implicated in this and will be serving a 14-month sentence. At this point, the US Department of Justice’s anti-cartel investigations on the price manipulation of Japanese auto parts suppliers continued to heat up, involving 21 Japanese suppliers.

Prior to September 26, the US Department of Justice had issued a report that nine Japanese auto parts suppliers such as Hitachi Automotive and Mitsubishi Electric and two senior executives were fined 740 million U.S. dollars for the crime of auto parts price manipulation, of which Hitachi Motors and Mitsubishi Electric had the highest fines of US$195 million and US$190 million respectively.

According to statistics from the US Department of Justice, since the first accusation in 2011, up to now, 21 Japanese companies and 21 individuals have been accused of manipulating prices in the US automobile market and collusion with bids, bringing in more than US$1.6 billion in fines. It has become the largest scale, highest penalty amount, and widest scope of influence since the establishment of the US antitrust department. It is reported that as companies involved in the case have successively pleaded guilty, the anti-cartel investigation in the field of auto parts started in the United States is still expanding in the world.

Affected by this, other countries and regions have "brought a stir". At present, investigations have already begun in countries such as Europe, South Korea, Canada and even Japan. According to Reuters, the German Anti-Cartel Office has investigated six auto parts supplier companies including Magna International and France’s Furgia. On October 22, the Federal Court of Australia imposed a fine of 1.9 million U.S. dollars on Japan’s alleged price manipulation by Jteigert.

When talking about the case, the United States Attorney General Eric Holder said that the price manipulation of auto parts has increased the cost of car purchases for U.S. consumers and “is gradually uncovering every auto parts supplier. In the course of price conspiracy, we have discovered that more and more auto parts companies are involved.” According to Scott Hammond, assistant attorney general of the US Department of Justice, the price monopoly case is made by Japan’s anti-monopoly law enforcement agency, Japan’s fair The Trade Commission first noticed.

According to relevant media, in the past two years, most of the companies accused by the US anti-monopoly agencies and pleading guilty were companies headquartered in Japan. In January 2012, the global auto parts giant Japan Yazaki was fined up to 470 million U.S. dollars after pleading guilty. This was the second-highest amount of money since the United States imposed anti-monopoly law in 1890.

Boat

WEIHAI SUNSHINE YACHTS CO.,LTD , https://www.ssboats.cn