Japanese cartel collusion: old habits die hard

All Sites Japan’s Panasonic Corp. is the latest Japanese auto parts supplier to be slapped with a heavy fine for charging inflated prices to US-based automakers. According to the US Department of Justice, Panasonic participated in a conspiracy to rig bids for, and to fix, stabilize and maintain the prices of steering wheel switches, turn switches, wiper switches, combination switches and door courtesy switches sold to Toyota Motor Corp. and Toyota Motor Engineering & Manufacturing North America Inc. read more

Read More:
Japanese cartel collusion: old habits die hard

Tags: , , , , , , , , , ,

Leave a Reply