EU antitrust regulators to fine Japanese car part makers: sources


A robotic arm by Mitsubishi Electric assembles a toy car at the System Control Fair SCF 2015 in Tokyo, Japan December 2, 2015. REUTERS/Thomas Peter

BRUSSELS: European Union antitrust regulators are set to punish Japanese auto parts makers for allegedly fixing prices of starter motors and accelerator modules, two people familiar with the matter said on Jan 25.

The companies in the alleged cartel are world No. 2 parts maker Denso, Mitsubishi Electric Corp and a Hitachi Ltd unit, the people said.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Chinese AI drives price competition among US labs
Hack of supposedly safe Bitcoin tool tries faith of the devoted
SEC settles charges over SpaceX, Klarna, pre-IPO share fraud
US SEC exempts certain data center bonds from key securitization rules
US court rules Meta, other tech firms must face thousands of lawsuits over social media addiction
Nvidia partners with Wall Street giants to raise $500 billion for AI buildout
US House Democrats press Anthropic, OpenAI about rogue AI agents
Analysis-Crypto bill faces long odds after Senate punts vote to September
Microsoft plans to unveil next-generation AI chip in September, The Information reports
GameStop weighing withdrawal of eBay bid, Bloomberg News reports

Others Also Read