A group of 52 suppliers has agreed to pay California a combined $23 million for rigging bids and fixing prices on a wide range of auto parts.
California’s claim was prompted by a continuing, 9-year-old antitrust probe by the U.S. Dept. of Justice into criminal conspiracy to set prices on components ranging from seatbelts and brake lines to engine parts and air conditioning systems. The U.S. investigation is the most active in a coordinated global criminal probe that includes prosecutors in Europe and Japan.
The Justice Dept. has collected more than $4 billion in civil and criminal fines to date from dozens of suppliers who admitted guilt in manipulating bids and prices. At least 66 executives also have been charged or imprisoned for their roles in the cheating.
The Lexus ES sedan is more than just an offering within the company’s lineup.
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).
Although the RAV4 has plenty of heritage in the small crossover segment, competition has gotten a whole lot tougher, so Toyota has made significant changes to the fourth-generation model.