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EU slaps $150 million cartel fine on car parts producers

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She said that even if the collusion happened outside of the 28-nation EU, her office would still pursue the case since EU consumers were hurt by artificially high prices.

Are these cartel cases to continue ad infinitum until the last dying breath of Japan Inc?

0 ( +3 / -3 )

A third company, Denso, was not fined since it disclosed the case to the EU’s antitrust office.

Odd. It seems Denso participated in the cartel, but then spilled the beans. Was this some kind of falling out? Can we expect recriminations?

0 ( +0 / -0 )

The headline should read " Japanese car part producers

0 ( +2 / -2 )

Price fixing, business as usual in Japan. Hence the Japanese "economic miracle",

1 ( +3 / -2 )

Odd. It seems Denso participated in the cartel, but then spilled the beans. Was this some kind of falling out? Can we expect recriminations?

Perhaps the antitrust office was already onto them. Our legal team advised us years ago that the first to cooperate with the investigation usually gets an amnesty.

0 ( +0 / -0 )

She said that even if the collusion happened outside of the 28-nation EU, her office would still pursue the case since EU >>consumers were hurt by artificially high prices.

Bravo !! Refreshing to see the EU doing what Japan has no courage to do. Japan has zero level of protection for the consumers and we are victim of monopolies and price fixing constantly.

2 ( +3 / -1 )

you never change, Japan. How many new stories like this will we be hearing from Japanese suppliers every year until they can be expelled from the global marketplace?

-3 ( +0 / -3 )

Isn't this additional fallout over the convictions in the U.S. 2 1/2 years ago?

http://www.justice.gov/opa/pr/nine-automobile-parts-manufacturers-and-two-executives-agree-plead-guilty-fixing-prices

0 ( +0 / -0 )

EU seems to have realized a new business amid VW scandal, following in the footsteps of the US.

-1 ( +0 / -1 )

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