Mitsubishi Electric to pay $13.4 million for rigging bids for car parts

Apr 26, 2017   Tier Suppliers

11th guilty plea in international bid-rigging conspiracy.

Car parts manufacturer Mitsubishi Electric Corporation pleaded guilty to three counts of bid-rigging for participating in an international conspiracy and was fined $13.4 million by the Ontario Superior Court of Justice.

A Bureau investigation determined that Mitsubishi Electric entered into illegal agreements with a competing Japanese car parts manufacturer. The companies conspired to determine who would win certain calls for bids issued by Honda and Ford for the supply of alternators, and by General Motors for the supply of ignition coils. The calls for bids occurred between 2003 and 2006.

To date, investigations into a series of bid-rigging agreements among car parts suppliers have resulted in the three largest fines ever ordered by a court in Canada for bid‑rigging offences: Yazaki Corporation ($30 million), Mitsubishi Electric ($13.4) and Showa Corporation ($13 million).

Since April 2013, Bureau investigations involving car parts have resulted in over $84 million in fines imposed by the courts in Canada.

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