• Kyodo

  • SHARE

Bearing maker JTEKT Corp. has been fined 5 million Canadian dollars (¥480,000) for its involvement in an international bid-rigging cartel, the Canadian Competition Bureau said.

JTEKT pleaded guilty to rigging bids on supplies of automotive wheel hub unit bearings to Toyota Motor Manufacturing Canada Inc. between 2007 and 2013, the bureau said Friday.

The fine for violating the Canadian Competition Act was ordered by the Superior Court of Quebec.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW