News Stories to Help Illustrate Your Exam Answers:


Cartel behaviour in the automotive supply chain

CIPS 26 September 2013

As part of a wide-ranging investigation by the US Department of Justice into price fixing in the car industry, nine Japan-based companies and two executives have agreed to plead guilty to conspiring to fix the price of car parts sold to US car manufacturers. So far, 20 companies and 21 executives have been charged over the practices, centring on collusion between parts suppliers to ensure that prices for various car parts, such as seatbelts and windshield wipers, were kept high. You might like to add this case to other high-profile examples of price-fixing, collusion and cartel behaviour.

As part of a wide-ranging investigation by the US Department of Justice into price fixing in the car industry, nine Japan-based companies and two executives have agreed to plead guilty to conspiring to fix the price of car parts sold to US car manufacturers. So far, 20 companies and 21 executives have been charged over the practices, centring on collusion between parts suppliers to ensure that prices for various car parts, such as seatbelts and windshield wipers, were kept high. You might like to add this case to other high-profile examples of price-fixing, collusion and cartel behaviour.

http://www.bbc.co.uk/news/business-24290771

http://www.bloomberg.com/news/2013-09-26/japan-firms-agree-to-pay-740-million-in-auto-parts-prbee.html

http://www.abc.net.au/news/2013-09-28/accc-receiving-immunity-applications-for-cartel-investigations/4985906

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