Denso gets a visit from Japanese fair trade regulators

Article by Christian A., on July 19, 2011

As part of an investigation on price-fixing allegations, the offices of Toyota Group supplier Denso Corp. were raided by Japanese fair trade regulators. In a brief statement, Denso confirmed the probe related to Japan’s anti-monopoly act and the “sales of certain automotive components.”

Officials from the Japan Fair Trade Commission entered Denso’s world headquarters in the city of Kariya, outside Nagoya. These officials also visited several other sales offices in the country.

Denso stated that it is cooperating with the investigation. This raid is part of a bigger probe that is meant to target Denso and six other parts makers over allegations that they had been colluding since 2002 to establish prices and select which companies would win contracts before bidding from automakers, according to a report from Japan’s Kyodo News Agency.

The other firms that are covered by the probe are Mitsubishi Electric Corp., Hitachi Automotive Systems Ltd., Calsonic Kansei Corp., Mitsuba Corp., T.RAD Co. and Denso subsidiary Asmo Co.

It’s suspected that this cartel sought to fix prices on windshield wipers, radiators, engine starters and alternators. Denso, which is the No. 2 auto parts maker in the world, is 23 percent owned by Toyota. It wasn’t made clear if this investigation is associated with a 2010 FBI antitrust investigation into the U.S. operations of Denso and Yazaki Corp. and Tokai Rika Co.

Topics: denso

If you liked the article, share on:

Comments

Recommended

In September 27, 2016, Porsche initially filed for a patent that is the “Unique Active Rear Diffuser”. And earlier this week, on April 27, 2017, the United States Patent and...
by - April 29, 2017
The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 2017
It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries