Japanese auto parts
Corporation has been fined $13
million after admitting to participating in
an international conspiracy to rig bids for electronic
power steering gears. Showa's fine is the second largest ever
imposed for bid rigging in Canada. It brings the total haul from
the Competition Bureau's auto parts investigation to over $70
The auto parts investigation is the largest ever international
antitrust investigation. Antitrust authorities in a number of
countries, including the United States, the European Union, the
United Kingdom, China, Japan, and Korea. In Canada, the Bureau
launched its the investigation in 2009 after receiving more
than 160 applications for immunity and leniency.
Showa received leniency in exchange for assisting the
Previous developments in the Bureau's auto parts
December 9, 2015: Toyo Tires & Rubber Co., Ltd. was
fined $1.7 million for rigging bids for anti-vibration components
December 11, 2014: Yamashita Rubber Co., Ltd. was fined $4.5 million for rigging bids for anti-vibration components
August 20, 2014: DENSO Corporation was fined $2.45 million for rigging bids for body
electronic control units.
February 20, 2014: Panasonic Corporation was fined $4.7 million for rigging bids for certain
types of switches and sensors.
January 30, 2014: NSK Ltd. was fined $4.5 million for rigging bids for
automotive wheel hub unit bearings.
July 12, 2013: JTEKT Corporation was fined $5 million
for rigging bids for automotive wheel hub unit bearings.
April 18, 2013: Yazaki Corporation was fined $30 million for rigging
bids for wire harnesses.
April 4, 2013: Furukawa Electric Co., Ltd. was fined $5 million
for rigging bids for electrical boxes.
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