Japanese auto parts firm fined $13M by Ontario court for bid-rigging
This was the ninth guilty plea since a federal investigation into bid rigging that was launched three years ago
OTTAWA—Showa Corp. has been fined $13 million by an Ontario court after the Japanese auto parts company pleaded guilty to one count of bid rigging.
It’s the second-largest fine to date ordered by a court in Canada for a bid-rigging offence, and the ninth guilty plea since a federal investigation into bid rigging was launched three years ago.
Canada’s Competition Bureau says Showa had a secret, illegal arrangement with another supplier for Honda cars manufactured in Canada.
Showa supplies electric power steering gears.
The largest fine to date under the bureau’s campaign was $30 million levied in 2013 on Yazaki Corp. for rigging bids on wire harnesses for Honda and Toyota.