H L Data Storage Store Banner 970x90
Breaking News

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series Leica announces The APO-SUMMICRON-M 35 f/2 ASPH GIGABYTE Launches Radeon RX 6700 XT series graphics cards Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Hitachi, Mitsubishi Electric Fined By Europe Over Automotive Parts Cartel Case

Hitachi, Mitsubishi Electric Fined By Europe Over Automotive Parts Cartel Case

Enterprise & IT Jan 27,2016 0

The European Commission (EC) has imposed fines of €137,789,000 on Melco (Mitsubishi Electric) and Hitachi for participating in a cartel for alternators and starters with another firm, Denso, in breach of EU antitrust rules. EC did not fine Denso as it revealed the existence of the cartel to the Commission. All companies acknowledged their involvement and agreed to settle the case.

According to the European antitrust authority, the three Japanese car parts manufacturers coordinated prices and allocated customers or projects with regards to alternators and starters for more than five years. Alternators and starters are two important components of car engines.

The cartel affected European customers as alternators and starters were also sold directly to car manufacturers in the EEA.

For their cooperation with the investigation, Hitachi and Melco benefited from reductions of their fines.

As part of the settlement, Hitachi and Hitachi Automotive Systems will pay the European Commission a fine of 26.86 million euros (approx. 3.45 billion yen).

"Hitachi and Hitachi Automotive Systems are committed to ensuring to comply with all applicable antitrust laws or competition laws by instituting several measures to prevent recurrence, including strengthening of internal guidelines, educational training sessions for employees by utilizing manuals etc. and the occurrence of audits at regular intervals," the Japanese companies said.

Melco paid 110.29 million euros.



Tags: HitachiMitsubishi Electric
Previous Post
Samsung Said To Unveil Phone Upgrade Program
Next Post
Google Files Patent for Secure Drone Delivery

Related Posts

  • Mitsubishi Electric Develops MEMS LiDAR for Autonomous Vehicles

  • Mitsubishi Electric Discloses Security Breach Originated From China

  • Mitsubishi Electric Develops Low-cost Super-wideband Image Sensor Using Graphene

  • Mitsubishi Electric and NTT DOCOMO Achieve First 27Gbps Throughput in 5G Outdoor Trials

  • Hitachi and Clarion Develop a Remote Parking System Using Smartphone that Enables Driverless Parking

  • Hitachi Finger Vein Authentication System Uses A Smartphone Camera

  • Hitachi Develops New Humanoid Robot

  • Hitachi and Honda Develop Portable Breath-based Alcohol Detection Device For Car Drivers

H L Data Storage Store Banner 300x600

Latest News

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound
Smartphones

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound

ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series
GPUs

ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series

Leica announces The APO-SUMMICRON-M 35 f/2 ASPH
Cameras

Leica announces The APO-SUMMICRON-M 35 f/2 ASPH

GIGABYTE Launches Radeon RX 6700 XT series graphics cards
GPUs

GIGABYTE Launches Radeon RX 6700 XT series graphics cards

Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments
Smartphones

Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed