Did German automakers collude over decades?
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
We've seen automotive price-fixing scandals in the past, most recently against nine Japanese suppliers that received $740 million in fines from the US Department of Justice. Now the European Union is cracking down hard on the anti-competitive practice. On March 25, its regulators raided several exhaust system suppliers, including one based in the US, and more busts could be on the way.