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ARTICLE · 14 DECEMBER 2015

Toyo Fine Brings Auto Parts Total To $58m

Affleck Greene McMurtry LLP
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Another fine has been levied in the Competition Bureau's auto parts investigation, bringing the total amount of fines to $58 million.

CanadaAntitrust/Competition Law
Daphne Hooper
Daphne Hooper
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Another fine has been levied in the Competition Bureau's auto parts investigation, bringing the total amount of fines to $58 million.

Yesterday, the Bureau announced that Toyo Tires & Rubber Co., Ltd. has pleaded guilty to 3 counts of rigging bids for the supply of anti-vibration components to Toyota Motor Corp., Ltd., and has beenfined $1.7 million. The bid-rigging happened between 2004 and 2006 in response to a request for quotes issued by Toyota.

The Bureau was alerted to the impugned agreements, which were formed between 2004 and 2006, through its Immunity Program. Toyo is one of a number of firms who have assisted the Bureau in its investigation through the Leniency Program, in which cartel participants provide information to the Bureau in exchange for more lenient treatment in sentencing.

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