China's recently instigated push to go after price fixing and monopolistic practices in the automotive sector has garnered a lot of ink, but regulatory bodies around the world have been tackling the issue for years. Lithium-ion battery makers were targeted in 2012, the US Department of Justice hit a cabal of Japanese suppliers for $740M in 2013 and Toyo Tires after that, the EU went after exhaust parts makers earlier this year. Nor are the investigations confined to the auto industry: aluminum p
It's been a topsy-turvy summer for foreign businesses in China ever since that country's National Development and Reform Commission and State Administration for Industry & Commerce launched a horde of investigations into anti-monopoly practices. When the law outlining monopolistic behavior was passed in 2008 foreign companies appreciated it, expecting it to illuminate some of the more opaque corners of Chinese government enforcement. That hasn't exactly been the case, and now as more than 1,
We collectively rejoiced when Hasbro decided to keep the racecar as a token for Monopoly, but now it appears car lovers will have a new game piece to hoard, on a new version of the classic board game called Monopoly Empire. Instead of vying for fictitious properties and railroads, Monopoly Empire allows players to duke it out for ownership of some of the world's top brands; representing the automotive world in the new brand-focused game is the 2014 Chevrolet Corvette Stingray.
Car enthusiasts, rejoice! Our beloved racecar in the evergreen Hasbro board game Monopoly has been saved. The Monopoly-loving world has spoken, and the newest game piece is... a cat. In a democratic move, Hasbro let the Internet decide which token would be kicked off the game board, and, in the end, it was the lowly iron that will now get locked away in the Monopoly vault. Bye-bye iron, hello kitty.
One of the reasons for Monopoly's nearly 80-year reign, and its hundreds of millions of copies sold, especially in the last few decades, has been game maker's willingness to heavy-up on the special editions. And, the occasional inclusion of a Prius token notwithstanding, the iconic racecar playing piece has been all that we motoring enthusiasts have had to get us fired up about the game. You know, other than naked capitalism and low-level fraud. (What? Like you never slid a few extra hundred und
A California appellate court judge has dismissed a lawsuit against California Public Utilities Commission (CPUC) for its legal settlement earlier this year granting energy utility NRG more than $102.5 million to install electric vehicle charging networks in the state. Ecotality, an electric vehicle supply equipment company, had filed suit in May challenging CPUC for settling with NRG and its subsidiary Dynergy for its part in the 2000-2001 energy scandal. California went after Dynergy for doing
In an effort to spur sales, Toyota seems willing to try just about anything to promote its hybrid lineup. Whether that's a Monopoly-themed booth at the 2012 Chicago Auto Show or a new twist on nature-spotting safaris with the new Prius Kingdom website, the Japanese automaker is certainly letting its promotion teams be creative.
Investigators are currently expanding the scope of an automotive component price fixing probe. Officials in Australia, the U.S., Europe and Japan are collaborating to discern the breadth of the issue. So far, 20 automotive suppliers have been identified as being part of the investigation, though it's thought that authorities are looking into a significantly larger number of companies. In fact, a government official has already declared this investigation the largest such probe in U.S. history. T
Toyota has been eying a takeover of Fuji Heavy Industries – Subaru's parent company – for some time now. When General Motors ditched its 20 percent stake in Fuji back in October 2005, Toyota snapped up 8.7 percent and the two have been undertaking a series of joint ventures since.