Yazaki ordered to pay record $46M for price fixing on car parts

Breaking News 2018-05-16 12:28 pm By Cat Fredenburgh | Melbourne

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The Full Federal Court has slapped Japanese car parts maker Yazaki Corporation with a $46 million penalty for colluding with a competitor on prices for wire harnesses supplied to Toyota, handing a win to the ACCC which argued the original $9.5 million penalty handed down did not reflect the seriousness of the conduct.

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