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Price-fixing|allegations|for car parts|being probed [Cape Times (South Africa)](Cape Times (South Africa) Via Acquire Media NewsEdge) THE Competition Commission is to investigate alleged collusion in the automotive industry, it said yesterday. The investigation was based on allegations of price fixing, market division, and collusive tendering for the manufacture and supply of automotive components supplied to original equipment manufacturers. "The investigation is launched against automotive components manufacturers, such as Denso Corporation, Maruyasu Industrial Company Limited, Hitachi Company Limited, Mitsubishi Electric Corporation, Tokai Rika Company Limited, NGK Spark Plug Company Limited, Mikuni Corporation, Aisin Industries Company Limited, Panasonic Corporation, Futuba Corporation, and Fijistu-Ten Limited," said commission spokesman Mava Scott. These companies supplied parts to Toyota, Daihatsu, Nissan, Isuzu, Honda, Suzuki, General Motors, Hyundai, Yamaha, Volvo, Mazda, Mitsubishi, and Ford. It was alleged that from 2000 to date, 82 manufacturers colluded in respect of 121 components. - Sapa Cape Times (c) 2014 Independent Newspapers (Pty) Limited. All rights strictly reserved. Provided by SyndiGate Media Inc. (Syndigate.info). [ Back To TMCnet.com's Homepage ] |