National Sep 1, 2014

In exception, gangsters to be allowed to buy auto insurance

Property and casualty insurance companies plan to let crime syndicate members buy auto insurance so that victims can be compensated in the event a gangster causes an accident, industry sources said. The move comes as the financial sector is otherwise shunning dealings with organized crime ...

Business / Corporate Aug 21, 2014

Denso hit with $2 million fine over bid-rigging in Canada

Denso Corp., the nation's largest manufacturer of electronic auto parts, said Thursday it had been fined $2.45 million Canadian dollars (¥200 million) by a court in Canada for breaking the competition law by rigging bids on transactions in several kinds of auto parts. The payment ...

Business / Corporate Dec 3, 2013

Panasonic eyes growth via auto parts ventures

Panasonic Corp. is in talks with automotive parts makers for possible acquisitions or alliances as Japan's No. 2 TV maker seeks to expand the components it delivers to vehicle manufacturers. The supplier of lithium-ion batteries for Toyota Motor Corp. and Tesla Motors Inc. is interested ...