Parts Supplier to Settle Antitrust Claims for $212 Million

Jan. 19, 2017

Jan. 19, 2017—Japanese automotive parts suppliers Yazaki Corporation and Chiyoda Manufacturing Corporation agreed on Wednesday to pay $212 million and $1.15 million, respectively, to settle a lawsuit in Michigan federal court with purchasers of their products alleging the companies conspired to fix prices for in-car electronic systems.

Four Japanese executives entered guilty pleas in 2012 for their roles in antitrust violations related to the sale of auto parts by the Yazaki Corporation and the Denso Corporation, as previously reported by the New York Times.

In 2014, it was reported that the parts supplier would be paying $100 million.

Subscribe to our Newsletters

Latest in Home

Endeavor Business Media
2025_fenderbender_award_logo
Recognize a deserving collision repair shop owner or operator with your nomination.
March 14, 2025
Adobe Stock 88061344
Asking Why
Teaching your team the healthy way to ask “why” will start to set the foundation of a colossal shift in thinking for operations and repair-planning.
Jan. 3, 2025
Bendpak
Ergo-Jet
The BendPak Ergochair Ergo-Jet, No. 5160112, features TPR wheels that provide shock absorption, cushioning, floor protection, and quiet rolling. The wheels are also resistant ...
Dec. 2, 2024